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

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Samho has officially started building Nakilat’s first of two LNG carriers as part of an order placed last year.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.

Asyad Shipping sells LNG carrier

Oman's Asyad Shipping has sold a 2006-built steam liquefied natural gas (LNG) carrier, according to brokers.