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

Japan’s LNG imports continue to drop

Japan’s liquefied natural gas (LNG) imports dropped for the third month in a row in March, according to the...

Oman LNG inks 10-year SPA with Shell

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with a unit of LNG giant Shell. Under...

Oman LNG seals supply deal with Jera

State-owned producer Oman LNG said it had signed a deal to supply liquefied natural gas to Japan's Jera. Under the...

More News Like This

Cedar LNG issues notice to proceed to SHI and Black & Veatch, expects FID by mid-2024

Canada’s Pembina Pipeline and the Haisla Nation have issued a notice to proceed to Samsung Heavy Industries and Black...

Petronas: steel cut for third FLNG in South Korea

South Korea's Samsung Heavy Industries has officially started building the third floating LNG production unit for Malaysian energy giant...

QatarEnergy pens charter deals for 19 LNG carriers

LNG giant QatarEnergy said on Sunday it has signed four long-term deals with Asian shipowners to charter 19 LNG...

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...