Samsung Heavy wins contract to build three LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries said it would build three liquefied natural gas (LNG) carriers under a new deal revealed on Tuesday.

According to Samsung Heavy, the contract has a price tag of 826.3 billion won ($671 million) or about $223.5 million per vessel.

Also, the yard said it would build the LNG carriers for an owner based in Africa and deliver them by January 2026. The vessels probably have a capacity of 174,000 cbm.

Each of the vessels will feature GTT’s Mark III Flex containment system and WinGD’s X-DF engine.

Samsung Heavy did not provide any additional information.

One shipbuilding source said this order could be tied to Malaysia’s Petronas as the energy giant was looking to order LNG carriers at South Korean yards.

Brokers said after this announcement that South Korea’s H-Line Shipping had ordered these vessels on the back of a charter with Petronas.

Including this newest contract, Samsung Heavy secured orders for 17 ships worth about $2.9 billion this year.

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.

(Article updated to say that H-Line Shipping ordered these vessels for Petronas charter.)

- Advertisements -

Most Popular

Delfin seals long-term LNG supply deal with Gunvor

Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, has signed a...

Origin: Australia Pacific LNG deliveries impacted as tanker loses power at jetty

Deliveries from the ConocoPhillips-operated Australia Pacific LNG plant on Curtis Island have been delayed as a loaded LNG tanker...

CoolCo says LNG newbuild duo still available for charter

LNG carrier operator CoolCo is still in talks with charterers to find work for two newbuild LNG vessels it...

More News Like This

Cedar LNG pens deal with SHI and Black & Veatch to secure shipyard capacity

Canada’s Pembina Pipeline and the Haisla Nation have signed a heads of agreement with US-based engineer Black & Veatch...

Celsius names new LNG tanker in South Korea

South Korea’s Samsung Heavy Industries has hosted a naming ceremony for one 180,000-cbm LNG carrier it built for Denmark’s...

MOL and Jera ink charter deal for another newbuild LNG carrier

Japan’s shipping giant MOL has signed a new deal to charter one newbuild liquefied natural gas carrier to compatriot...

Samsung Heavy secures order for one LNG carrier

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