AsiaContracts and TendersVessels

Samsung bags contract for LNG carrier trio

By LNG Prime Staff
Samsung bags contract for LNG carrier trio
For illustration purposes only (Image: Samsung Heavy Industries)

South Korean shipbuilder Samsung Heavy Industries said it has secured an order to build three liquefied natural gas (LNG) carriers.

Samsung will build the 180,000-cbm vessels for an Oceania-based owner.

The yard did not reveal the name of the company behind the order in a stock exchange announcement.

Moreover, the contract has a price tag of 654.5 billion won ($580 million), the shipbuilder said.

Samsung added it would deliver the ships by February 2024.

Brokers reported that Denmark’s Celsius Shipping could be the owner behind the new order. Celsius has already four 180,000-cbm vessels on order at Samsung.

Including the newest contract, Samsung won orders more than $6.5 billion worth so far this year, achieving 71 percent of this year’s order target.

Samsung has in May this year revealed a contract for two 174,000-cbm LNG carriers for an Oceania-based owner.

Maria Angelicoussis-led Maran Gas had exercised options for these two LNG carriers, according to brokers.

Most Popular

LNG Terminals

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.
Contracts and Tenders

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.
LNG Terminals

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Research and Development

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.
LNG as Fuel

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.
Vessels

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.
Vessels

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA