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 to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.

More News Like This

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.

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.