Hyundai Samho to build two LNG-powered PCTCs for about $240 million

South Korean shipbuilder Hyundai Samho has secured an order to build two LNG-powered pure car and truck carriers worth about $240 million.

HSHI’s parent Korea Shipbuilding & Offshore Engineering (KSOE) said in a stock exchange filling on Wednesday that HSHI would build the LNG dual-fuel PCTCs for an owner based in the Middle East.

KSOE said the contact has a price tag of 331.8 billion won ($240 million).

Moreover, HSHI will deliver the two LNG-powered carriers by August 2025.

KSOE did not provide any additional information.

Earlier this year, Hyundai Samho also won an order from an owner in Middle East for two LNG-powered PCTCs worth about $239 million.

Brokers said that Ray Car Carriers had ordered these two LNG-powered PCTCs with a capacity of 7,500 units and scheduled for delivery in the first half of 2025.

Most Popular

CoolCo seeks long-term employment for two LNG carriers

In August, Coolco said it plans to employ its first newbuild LNG vessel, Kool Tiger, on a shorter deal...

BP, partners take FID on $7 billion Tangguh UCC project

BP said in a statement on Thursday the Tangguh Ubadari, CCUS, compression project (UCC) has the potential to unlock...

LNG Canada pipeline enters commercial service

Canada's TC Energy said on Tuesday CGL had executed a commercial agreement with LNG Canada and CGL customers that...

More News Like This

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...

Knutsen names new LNG carrier in South Korea

Norway’s Knutsen named one newbuild liquefied natural gas (LNG) carrier in South Korea. The naming ceremony for the 174,000-cbm LNG...

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...