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.

Most Popular

US FERC issues final SEIS for Commonwealth LNG’s project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for Commonwealth LNG's proposed LNG export plant in Louisiana. The regulator concluded that National Ambient Air Quality Standards (NAAQS) exceedances for 1-hour NO2 may be significant.

Pilot, Seapath secure final permits for Galveston LNG bunkering facility

Pilot LNG and Libra Group’s maritime unit Seapath have received final construction permits for their planned LNG bunkering facility in Galveston, Texas. The partners plan to take a final investment decision on the project in mid-2025.

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

More News Like This

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.