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 Rio Grande LNG tank taking shape

US LNG developer NextDecade continues to make progress on the first phase of its Rio Grande LNG export plant in Texas, including the first 180,000-cbm storage tank.

Venture Global gets FERC OK to boost Plaquemines LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal in Louisiana to 27.2 mtpa.

Cheniere produces first LNG cargo at Corpus Christi expansion project

US LNG exporting giant Cheniere has produced the first cargo at the Corpus Christi Stage 3 expansion project in Texas.

More News Like This

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.

CMA CGM orders 12 LNG-powered containerships at HD Hyundai Heavy

HD Hyundai Heavy's parent KSOE announced on Thursday that HD Hyundai Heavy will build 12 vessels with a capacity...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

Singapore’s FueLNG, EPS in milestone LNG bunkering op

During the operation, the 18,500-cbm bunkering vessel, FueLNG Venosa, delivered liquefied natural to the LNG dual-fuel PCTC, Lake Shirasagi...