Hyundai Samho to build three LNG-powered containerships

Hyundai Samho Heavy Industries will build three new LNG-powered containerships as part of a deal revealed on Monday, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said that the deal has a price tag of about 418.6 billion won ($351 million).

Also, HSHI would deliver the 7,900 TEU LNG-powered containerships by June 2024 to an unidentified Asian shipowner.

Shipbuilding sources told LNG Prime on Monday that Singapore’s Eastern Pacific Shipping has ordered the ships as it continues to build a huge fleet of LNG-powered vessels.

The three containerships would feature MAN ME-GI propulsion and GTT’s Mark III Flex membrane system, one source said.

Besides this order for the containerships, KSOE also said that it has won an order for two petrochemical carriers from an unidentified shipper in Asia.

The total price tag for these five ships reached 510 billion won ($428 million), KSOE said.

These orders follow several contracts KSOE revealed this month, including for two LNG carriers and LNG-powered containerships. All of the orders for 24 ships total about $2.9 billion.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year. The shipbuilder and its three units have secured in total $22.8 billion worth of orders during 2021.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Cheniere kicks off Sabine Pass LNG maintenance

US LNG exporting giant Cheniere has started planned maintenance at its Sabine Pass LNG export facility in Louisiana.

BP seals LNG SPA with India’s Torrent Power

A unit of UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with India's Torrent Power.

More News Like This

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

HD Hyundai Samho bags new LNG-powered containership order

South Korea’s HD Hyundai Samho has secured a new order to build LNG-fueled container vessels.

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

EPS boosts stake in CoolCo

CoolCo's largest shareholder, Eastern Pacific Shipping, has further increased its shareholding in the LNG carrier operator.