Hyundai Samho to build one LNG carrier for about $247 million

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

KSOE said on Wednesday that the deal has a price tag of 346.8 billion won or about $247 million, which is a very high price.

Hyundai Samho will deliver the LNG carrier by January 2026 to an unidentified shipowner based in Oceania.

KSOE did not reveal any additional information.

In June, Hyundai Samho won an order for two 174,000-cbm LNG carriers from Evangelos Marinakis-led Capital Gas for delivery in January and March 2026.

During the same month, the shipbuilder secured a contract to build two LNG carriers for Greece’s TMS Cardiff Gas for delivery by August 2026.

According to sources, it appears that TMS Cardiff Gas also placed the order for this single LNG carrier.

Besides these LNG carriers, Hyundai Samho recently also won a contract for two LNG-powered car carriers tied to Ray Car Carriers, boosting the total to four vessels.

Most Popular

Williams launches Transco pipeline expansions

US natural gas pipeline operator Williams has launched two fully contracted expansions of the existing Transco pipeline to meet growing domestic demand and LNG exports.

Update: Shell’s LNG Canada receives LNG cargo

Shell’s LNG Canada has received a cargo of liquefied natural gas as part of the commissioning and start-up phase.

DOE gives further boost to US LNG exports

The US Department of Energy (DOE) has removed a regulatory barrier that required liquefied natural gas (LNG) projects to start export within seven years of receiving regulatory approval.

More News Like This

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Samho has officially started building Nakilat’s first of two LNG carriers as part of an order placed last year.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.

HD Hyundai Mipo clinches order for four LNG bunkering vessels

South Korea’s HD Hyundai Mipo has won a new order to build four liquefied natural gas (LNG) bunkering vessels.