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

Corporate

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.
Contracts and Tenders

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.
LNG Terminals

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

Contracts and Tenders

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.
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.

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