Samsung Heavy to build LNG carrier trio

South Korean shipbuilder Samsung Heavy Industries will build three new liquefied natural gas (LNG) carriers as part of a deal revealed on Tuesday.

Samsung Heavy said in a statement the contract has a price tag of 733.9 billion won ($622 million).

The yard said it would build two LNG carriers for a Bermuda-based shipping firm and one LNG tanker for an Oceania-based company.

Samsung Heavy added it would deliver the ships by January 2025, but it did not reveal any additional information regarding the contract.

Including the newest deal, the shipbuilder won orders worth $11.8 billion so far this year, surpassing its annual target of $9.1 billion. This includes orders for 20 LNG carriers.

One shipbuilding source told LNG Prime that J.P. Morgan could be behind the order for two LNG carriers out of these three new vessels.

Samsung Heavy recently won an order for four LNG carriers. Global Meridian Holdings, part of J.P. Morgan Asset Management, placed the order for these LNG carriers, brokers previously said.

It also won an order for four LNG carriers that will serve Novatek’s Arctic LNG projects.

Sovcomflot and NYK ordered these 174,000-cbm LNG carriers and signed long-term charter deals with Novatek.

- Advertisements -

Most Popular

Delfin plans to take FID on first floating LNG producer in Q2

Delfin Midstream, the developer of a floating LNG export project in the Gulf of Mexico, is expecting to take...

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...

Mexico Pacific seals another LNG supply deal with Shell

A unit of LNG giant Shell has signed another long-term deal to buy liquefied natural gas from Mexico Pacific,...

More News Like This

GTT scores FLNG gig from Samsung Heavy

French LNG containment giant GTT has secured a contract from South Korean shipbuilder Samsung Heavy Industries to design the...

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...