Samsung Heavy kicks off work on Minerva LNG carrier

South Korea’s Samsung Heavy Industries has officially started building a 174,000-cbm LNG carrier for Greek firm Minerva Gas, a unit of Minerva Marine.

Minerva Gas announced the steel-cutting ceremony via its social media on Sunday.

The ceremony for the LNG carrier with a hull name SN2653 took place on November 8.

Minerva Gas did not provide further information.

VesselsValue data shows that Minerva Gas ordered this LNG carrier and its sister vessel (SN 2652) in November 2022.

Sources said at the time that these vessels are expected to serve US energy giant ExxonMobil under charter deals.

Minerva Gas will pay about $215 million per vessel.

These ME-GA vessels feature GTT’s Mark III Flex containment system, and are scheduled for delivery in 2026.

Samsung Heavy kicks off work on Minerva LNG carrier
Image: Minerva Gas

Minerva Gas currently has five operational LNG carriers.

In October 2022, Minerva Gas took delivery of the 174,000-cbm LNG carrier Minerva Amorgos from Samsung Heavy.

This is the final LNG carrier in a batch of three vessels SHI built for the Greek firm.

SHI delivered the 174,000-cbm Minerva Kalymnos in February 2021 followed by Minerva Chios in August the same year.

All of the sister LNG carriers feature WinGD’s X-DF propulsion and GTT’s Mark III Flex Plus containment system.

In addition to these three carriers, Minerva Gas took delivery of two LNG tankers from South Korea’s Daewoo Shipbuilding and Marine Engineering.

The 173,400-cbm Minerva Limnos joined the fleet of Minerva Gas in June 2021, while its sister ship Minerva Psara started working with Shell in January 2020.

Both of these newbuilds feature MAN ME-GI propulsion, GTT’s NO96 containment tech, and a partial reliquefaction system.

Most Popular

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

More News Like This

MISC names QatarEnergy LNG carrier

South Korea's Samsung Heavy Industries hosted a naming ceremony for a liquefied natural gas (LNG) carrier it built for Malaysia's MISC and state-owned LNG giant QatarEnergy.

Samsung Heavy nets order for two LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build two liquefied natural gas (LNG) carriers for approximately $494 million.

GasEntec, Samsung Heavy ink small-scale LNG pact

South Korea-based LNG technology and assets firm GasEntec has entered into a memorandum of understanding with shipbuilder Samsung Heavy Industries to license the latter's liquefaction technology for small-scale applications between 50,000 and 1 million tons per annum.

South Korea’s Samsung Heavy secures order for LNG carrier quartet

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build four liquefied natural gas (LNG) carriers for approximately $1.05 billion.