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

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...