Hyundai Samho to build one LNG carrier for about $225 million

Hyundai Samho Heavy Industries continues to win orders for LNG carriers and has secured a contract to build one vessel, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday that the deal has a price tag of about 278.3 billion won ($225 million).

HSHI will deliver the LNG carrier by December 2025 to an unidentified European shipowner.

KSOE did not reveal any additional information regarding the LNG carrier which probably has a capacity of 174,000 cbm.

One shipbuilding source told LNG Prime on Thursday that Norway’s Knutsen is behind the order for this newbuild.

The vessel would feature MAN’s ME-GA engine and GTT’s Mark III Flex containment system, the source said.

Knutsen recently also ordered two 174,000-cbm LNG carriers at HSHI, backed by a charter with Poland’s dominant gas firm and LNG importer, PGNiG.

KSOE and its units keep wining orders this year on the back of high demand for LNG carriers and containerships.

The shipbuilding giant won orders for a total of 85 ships worth about $9.74 billion this year, achieving about 55.8 percent of its annual target.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year.

Most Popular

Vopak moving forward with permitting process for Australian LNG import project

Dutch independent storage tank firm Vopak is moving forward with the permitting process for its planned FSRU-based LNG import facility in Australia’s Victoria state, according to CEO Dick Richelle.

Excelerate seals Bahamas LNG deal

US FSRU player Excelerate has signed an 11-year LNG supply agreement with AxDo, a joint venture between Axpo and Bahamas-based energy and maritime logistics company Domicisle LNG, supporting development of the Bahamas LNG hub.

Worley clinches EPC gig for Venture Global’s CP2 LNG expansion project

Australian engineering firm Worley has signed a reimbursable engineering, procurement, and construction (EPC) contract for Venture Global’s CP2 LNG expansion project in Louisiana.

More News Like This

HD Hyundai yards to build more LNG-powered containerships for HMM

South Korean shipping firm HMM has ordered six LNG dual-fuel container vessels at two HD Hyundai yards.

NYK’s LNG carrier named in South Korea

South Korea’s Hyundai Samho hosted a naming ceremony for a new liquefied natural gas (LNG) carrier owned by Japan's NYK and chartered by Mitsubishi’s unit Diamond Global Energy.

Knutsen takes delivery of QatarEnergy LNG tanker

Norwegian shipowner Knutsen has taken delivery of another 174,000-cbm LNG carrier built as part of the massive QatarEnergy shipbuilding program.

Honduras to launch first LNG-to-power project

Honduras is set to launch its first LNG-to-power project with the arrival of the second liquefied natural gas cargo at the floating storage unit (FSU) Bilbao Knutsen in Puerto Cortes.