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Samsung Heavy clinches order for LNG carrier duo

By LNG Prime Staff
Samsung Heavy clinches order for LNG carrier duo
For illustration only (Image: Samsung Heavy)

South Korean shipbuilding giant Samsung Heavy Industries has secured a new order to build two liquefied natural gas (LNG) carriers.

Samsung Heavy said on Tuesday it will build the LNG carriers for an unidentified owner in North America for 659.2 billion won ($509 million) or about $254.5 million per vessel.

The shipbuilder will deliver the two LNG carriers by February 2028.

Samsung Heavy did not provide any additional information regarding the contract.

Shipbuilding sources told LNG Prime that US energy giant Chevron is behind this order.

Prior to this order, Samsung Heavy secured a contract from Japan’s MOL to build two LNG carriers for about $258.5 million per vessel and two more LNG carriers for MOL for about $248 million per vessel.

Samsung Heavy and JGC also won a contract from Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

Including the FLNG contract worth about $1.5 billion and two crude carriers, Samsung Heavy secured orders worth some $3.2 billion this year, or about 34 percent of the order target of $9.5 billion.

The shipbuilder secured contracts worth about $9.4 billion in 2022, surpassing its target of $8.8 billion.

This includes 36 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

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