Samsung Heavy bags single LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries will build one liquefied natural gas (LNG) carrier as part of a new deal revealed on Friday.

Samsung Heavy said in a statement the contract has a price tag of 244.8 billion won ($207 million).

The yard said it would build the LNG carrier for an Oceania-based owner.

Samsung Heavy added it would deliver the ship by May 2025, but it did not reveal any additional information regarding the contract.

Including the newest deal, the shipbuilder won orders worth $12 billion so far this year, surpassing its annual target of $9.1 billion by about 32 percent. This includes orders for 21 LNG carriers.

This new contract follows an order for three LNG carriers Samsung Heavy revealed earlier this week.

Most Popular

MAN will no longer offer ME-GA engine

Volkswagen’s MAN unveiled the ME-GA dual-fuel engine in March 2021, describing it as an Otto-cycle variant of the company’s...

Kumul awards pre-FEED contract to Wison for Papua New Guinea’s first FLNG

The two firms signed the contract on Friday. With an expected capacity of 1.5 mtpa, Papua New Guinea’s first FLNG...

Atlantic LNG shipping rates dip to $26,750 per day

Last week, Atlantic LNG shipping rates dropped below $50,000 per day. “Spark30S Atlantic rates dropped for a fourth consecutive week,...

More News Like This

GTT clinches new LNG tank job

GTT received the order during the third quarter of 2024. Under the order, Samsung Heavy contracted GTT to design tanks...

MISC orders LNG carrier duo at Samsung Heavy, inks charter deal with Petronas

MISC revealed this deal in a stock exchange filing on Tuesday. According to the firm, the newbuild LNG carriers will...

Celsius takes delivery of new LNG tanker

South Korea’s Samsung Heavy Industries has handed over a new 180,000-cbm LNG carrier to Denmark’s Celsius Tankers, a unit...

New TMS LNG carrier named in South Korea

Greece-based shipping firm TMS Cardiff Gas has named the first in a series of newbuild liquefied natural gas (LNG)...