Hyundai Samho to build two LNG carriers for Asyad Shipping

Hyundai Samho Heavy Industries has secured an order to build two LNG carriers for Oman’s Asyad Shipping, according to Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday its unit Hyundai Samho would build the two vessels for 650 billion won ($501 million) or some $250.5 million per vessel.

The shipbuilder aims to deliver the ships by June 2026.

Including this contract, KSOE and its units received orders for a total of 197 vessels worth $23.9 billion this year.

KSOE now achieved 137 percent of its annual order target of $17.4 billion.

According to Asyad Shipping’s website, the company operates a total of six LNG ships to support the transportation of LNG produced at the Qalhat complex in Oman.

The latest addition to its fleet was the 162,000-cbm Adam LNG, built in 2014 by Hyundai Heavy Industries.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

CMA CGM pens LoI for LNG-fueled containerships

LNG Prime recently reported that CMA CGM was planning a new order. Sources said on Tuesday that CMA CGM has...

NYK’s Gazocean adds new LNG carrier to its fleet

The newbuild LNG carrier in question is the 174,000-cbm, Elisa Ardea, according to a social media post by Gazocean. Gazocean...

GTT scores new LNG tank gig

GTT received the order during the third quarter of 2024. Under the order, HD Hyundai Samho contracted GTT to design...

South Korea’s HD Hyundai Mipo to build LNG bunkering duo

HD Hyundai Mipo said on Thursday it will deliver these two vessels by November 2027. The vessels will have a...