Samsung Heavy to build LNG carrier duo for about $496 million

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

SHI said on Wednesday it will build the LNG carriers for an unidentified owner in Oceania for 609.7 billion won ($496 million) or about $248 million per vessel.

The shipbuilder plans to deliver the vessels by January 15, 2027.

SHI did not provide any additional information regarding the contract.

Shipbuilding sources told LNG Prime that Japan’s shipping giant MOL is likely behind this order.

This is the first LNG carrier order SHI revealed in 2023.

Prior to this order, SHI and JGC won a contract from Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

Including the FLNG contract worth about $1.5 billion, SHI already secured orders worth some $2 billion this year, or about a fifth of the order target of $9.5 billion.

SHI expects owners to order more than 70 LNG carriers at yards this year and the shipbuilder will also focus more on the FLNG market.

It secured orders worth about $9.4 billion in 2022, surpassing its target of $8.8 billion.

This includes 36 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

SHI, Kongsberg to work on autonomous LNG carrier

South Korean shipbuilder Samsung Heavy Industries is joining forces with Norway's Kongsberg Maritime to develop what it says is...

GTT scores SHI tank gig for LNG carrier duo

French LNG containment specialist GTT has secured a new order from South Korean shipbuilder Samsung Heavy Industries. Under the contract,...

Seaspan, ZIM name LNG-powered containership in South Korea

South Korea’s Samsung Heavy Industries has hosted a naming ceremony for the first of ten 15,000-teu LNG-powered containerships it...

Maran Tankers takes delivery of second LNG-powered VLCC

Maran Tankers Management, the oil tanker unit of Greece’s Angelicoussis Shipping Group, has taken delivery of its second LNG...