Hyundai Samho to build two LNG carriers for about $450 million

Hyundai Samho Heavy Industries has won a contract to build two liquefied natural gas (LNG) carriers, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said that the deal has a price tag of about 545.8 billion won ($450 million).

HSHI will deliver the LNG carriers by the first half of 2025 to an unidentified European shipowner.

KSOE did not reveal any additional information regarding the LNG carriers which probably have a capacity of 174,000 cbm.

Brokers reported after this announcement that Norway’s Knutsen and Poland’s dominant gas firm and LNG importer, PGNiG, were behind this order.

PGNiG has previously signed charter deals with Knutsen for a total of four LNG carriers to ship its contracted volumes from the US.

This year HSHI won several orders for LNG-powered containerships and LNG carriers.

In total, KSOE and its units won orders for 70 ships worth about $7.1 billion.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year.

The shipbuilder secured in total $22.8 billion worth of orders during 2021.

(Article updated on April 6, 2022, to say that Knutsen and PGNiG were behind the order, according to brokers.)

Most Popular

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Deutsche ReGas: Mukran LNG terminal hits record in Q2

German LNG terminal operator Deutsche ReGas claims that its FSRU-based LNG import facility in Mukran was the highest-performing LNG terminal in Germany in the second quarter of this year.

Ukraine’s Naftogaz to get another US LNG cargo from Orlen

Poland's Orlen will supply another US LNG cargo to Ukraine's Naftogaz, the fourth shipment as part of a deal signed earlier this year.

More News Like This

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container vessels.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

GTT clinches new LNG tank gig

France’s GTT has secured a new tank design order from HD Korea Shipbuilding & Offshore Engineering for one liquefied natural gas (LNG) carrier.