AsiaContracts and TendersLNG as Fuel

Samsung Heavy bags order for four LNG-powered containerships

By LNG Prime Staff
Samsung Heavy bags order for four LNG-powered containerships
For illustration only (Image: Samsung Heavy Industries)

South Korean shipbuilding giant Samsung Heavy Industries will build four LNG-powered container vessels as part of a new deal revealed on Friday.

Samsung Heavy said the contract has a price tag of 609.1 billion won ($494 million).

Moreover, the yard said it would build the LNG dual-fuel containerships for an owner based in Europe.

Samsung Heavy added it would deliver the ships by December 2024, but it did not reveal any additional information regarding the contract.

This marks the second order for the shipbuilder in 2022 that has set an order target of $8.8 billion this year.

Previously, it secured a contract for four LNG carriers. Including these containers vessels, Samsung Heavy secured orders for eight ships worth about $1.3 billion.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. This included orders for 22 LNG carriers.

Most Popular

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
Vessels

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.
Contracts and Tenders

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Contracts and Tenders

Samsung Heavy cancels LNG carrier contract with Russia’s Zvezda

South Korean shipbuilding giant Samsung Heavy Industries has terminated contracts for 10 ice-class Arc7 LNG carriers and seven shuttle tankers with Russia's Zvezda.
LNG Terminals

Steel cut for Cedar’s FLNG in South Korea

South Korea’s Samsung Heavy Industries has officially started building Cedar LNG's floating LNG production unit, which will be installed in Kitimat, on Canada’s West Coast.
Vessels

Basalt adds another LNG carrier to its fleet

UK-based infrastructure investment firm Basalt Infrastructure Partners has added the 180,000-cbm LNG carrier, Celsius Galapagos, to its fleet.
Research and Development

Samsung Heavy, KR to develop three-tank LNG carrier

South Korean shipbuilder Samsung Heavy Industries signed a memorandum of understanding with compatriot classification society KR to jointly develop a 174,000-cbm LNG carrier featuring three cargo tanks.

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