Samsung Heavy bags order for four LNG-powered containerships

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

Third Plaquemines LNG cargo heads to Europe

The 2021-built 174,000-cbm, Isabella, was on Friday located in the North Atlantic Ocean, offshore Bahamas, after picking up a...

Golar’s Macaw produces first LNG at small liquefaction unit in Texas

Macaw announced in a social media post on Wednesday it achieved its first LNG from stranded flare in Texas...

Pacific LNG shipping rates drop below $20,000 per day, European prices up

"Spark30S Atlantic freight rates dropped for a second consecutive week, falling by $4,000 to $20,000 per day - the...

More News Like This

MOL and Jera pen new charter deal for newbuild LNG carrier

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

Japan’s NYK adds newbuild LNG carrier to its fleet

South Korea's Samsung Heavy Industries delivered the 174,000-cbm Quest Kirishima on Monday. NYK said the vessel will be deployed under...

GAIL, K Line ink long-term charter deal for newbuild LNG carrier

GAIL revealed the signing of the charter deal for one 174,000-cbm LNG carrier in a statement on Friday. The company...