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.

Most Popular

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.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

LNG Canada sends second cargo

Shell-led LNG Canada has shipped the second cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada. LNG Canada shareholder Petronas will deliver this shipment to Japan.

More News Like This

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.

Steel cut for Cedar’s FLNG in South Korea

South Korea’s Samsung Heavy Industries has officially started building Cedar LNG's floating LNG production unit, which will be installed in Kitimat, on Canada’s West Coast.