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

First Nations plan new Canadian LNG export project

Kino Aski and Marinvest Energy Canada rebealed plans to jointly develop Kino Aski LNG, a First Nations–led liquefied natural gas (LNG) project designed to supply Europe.

CIMC SOE scores new LNG bunkering vessel order

China’s Nantong CIMC Sinopacific Offshore & Engineering has secured an order to build one 6,000-cbm liquefied natural gas (LNG) bunkering vessel.

ALNG expects to enter LNG trading by year-end

Norway’s ALNG, the owner of two TFDE LNG vessels, expects to enter LNG trading with its first transaction by the end of this year, according to interim CEO Jens-Julius Ramdahl Nygaard.
spot_img

More News Like This

EPS wraps up 700th STS LNG bunkering op

Singapore’s Eastern Pacific Shipping has completed its 700th ship-to-ship LNG bunkering operation as the company’s fleet of LNG-fueled vessels continues to expand.

HD Hyundai Heavy to build FSRU, LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has won contracts worth approximately $574 million to build one floating storage and regasification unit (FSRU) and one liquefied natural gas (LNG) carrier.

HD KSOE develops fuel pump for LNG-powered vessels

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said it had developed a domestically produced high-pressure fuel pump for liquefied natural gas (LNG)-powered vessels.

EPS seals refinancing deal for CoolCo LNG carriers

Singapore-based Eastern Pacific Shipping has signed a syndicated financing transaction for eleven liquefied natural gas (LNG) carriers owned by its unit CoolCo.