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

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Samsung Heavy wins contract for Eni’s Coral Norte FLNG

South Korean shipbuilder Samsung Heavy has secured a preliminary contract for Eni's second FLNG project in Mozambique, Coral Norte (Coral North), according to shipbuilding sources.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Samsung Heavy cancels LNG carrier contract with Russia’s Zvezda

South Korean shipbuilding giant Samsung Heavy Industries has terminated contracts for 10 ice-class Arc7 LNG carriers and seven shuttle tankers with Russia's Zvezda.