Samsung Heavy to build five LNG carriers for more than $1 billion

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

The new contract is worth about 1.45 trillion won ($1.08 billion), or about $216 million per vessel.

SHI said it would deliver the five LNG carriers to an unidentified owner in Oceania by December 2027.

It did not provide any additional information.

Earlier this month, Samsung Heavy revealed an order for two 174,000-cbm LNG carriers linked to Greece’s Minerva Marine and US energy giant ExxonMobil.

Shipbuilding sources told LNG Prime on Wednesday that Seapeak, previously known as Teekay LNG Partners, could be behind the order for these five LNG carriers.

These vessels are expected to go on charter to ExxonMobil as well, according to the sources.

We could not confirm this by the time this article was published.

Including this newest contract, SHI secured orders worth about $9.2 billion this year, surpassing its target of $8.8 billion.

This includes 35 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. The yard won contracts for 22 LNG carriers last year.

- Advertisements -

Most Popular

Hoegh’s FSRU heads to Germany to start Wilhelmshaven job

The 170,000-cbm FSRU Hoegh Esperanza is heading towards Germany to start serving the Uniper-led Wilhelmshaven facility, according to shipping...

Woodside plans major Pluto LNG turnaround next year

Australian LNG player Woodside is planning to shut its Pluto LNG terminal in the Pilbara region of Western Australia...

CMES says to order two more LNG carriers at DSIC

China Merchants Energy Shipping (CMES), a unit of China Merchants Group, said it would order two more 175,000-cbm LNG...

More News Like This

GTT scores SHI tank gig for seven LNG carriers

French LNG containment giant GTT has secured more orders from South Korean shipbuilder Samsung Heavy Industries. Under two new contracts,...

Denmark’s Celsius orders another LNG carrier at Samsung Heavy

Denmark’s Celsius Tankers confirmed it had ordered another liquefied natural gas (LNG) carrier at South Korea's Samsung Heavy Industries. SHI...

SHI to build one LNG carrier for about $249 million

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

Seapeak confirms order for LNG carrier quintet in South Korea

Seapeak, previously known as Teekay LNG Partners, confirmed that it had placed an order for five 174,000-cbm LNG carriers...