Samsung Heavy to build two LNG carriers for about $462 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two LNG carriers following a contract for three vessels earlier this week.

The new contract has a price tag of 591.3 billion won ($462 million) or about $231 million per vessel.

SHI said it would deliver the two LNG carriers to an unidentified owner in Oceania by March 2026.

It did not provide any additional information.

The vessels probably have a capacity of 174,000 cbm despite the very high price. Newbuilding prices surged in the last two years and are continuing to rise.

One shipbuilding source told LNG Prime on Thursday that Greece’s TMS Cardiff Gas is behind this order for two LNG carriers. The firm currently manages a fleet of 16 LNG carriers and last year completed its 2020-2021 newbuild program which included eleven 174,000-cbm vessels.

These vessels would probably serve Malaysia’s energy giant Petronas under a charter deal, the source said.

To remind, sources said that the previous order at SHI for the three LNG carriers were tied to a charter by Petronas, as well as the four vessels KSOE revealed this week.

Including this newest contract, SHI secured orders for 19 ships worth about $3.3 billion this year. This includes 10 LNG carriers.

The yard has set an order target of $8.8 billion this year.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. This included orders for 22 LNG carriers.

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