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.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

LNG-ready tanker joins Capital Ship Management’s fleet

Greece’s Capital Ship Management has taken delivery of an LNG-ready chemical/product MR tanker from Hyundai Vietnam. The Evangelos Marinakis-led firm...

Hoegh wraps up purchase of CoolCo’s LNG carrier

FSRU player Hoegh LNG has completed the previously announced deal to purchase the 2013-built LNG carrier Golar Seal from...

CoolCo’s shares start trading on NYSE

CoolCo's shares started trading on the New York Stock Exchange (NYSE) on March 17. As previously announced by CoolCo, the...

CoolCo wraps up regulatory review process for NYSE listing

LNG carrier operator CoolCo has almost completed the process of listing its shares on the New York Stock Exchange...