AsiaContracts and TendersLNG as Fuel

Samsung nets five LNG-powered containerships

By LNG Prime Staff
Samsung nets five LNG-powered containerships
For illustration purposes only (Image: Samsung Heavy Industries)

South Korean shipbuilder Samsung Heavy Industries said it has secured an order to build five additional LNG-powered ultra-large container vessels from an unidentified Asian owner.

This order adds to five LNG-powered ULCVs the Korean shipbuilder revealed in February.

The order for the new 15,000 TEU quintet has a price tag of 794.2 billion won ($700 million), Samsung said in a stock exchange announcement.

In addition, the Korean yard said it would deliver the ships by January 2024, without revealing any further info.

These orders for ten LNG-powered containerships, worth about $1.4 billion, most likely relate to the recent announcement by Hong Kong-based Seaspan and Israel’s Zim.

Zim said it would charter ten LNG-powered ULCVs from Seaspan to serve its Asia-US East Coast trade. The duo also said that Samsung would build the vessels.

To remind, Samsung also announced an order for four LNG-powered very large crude oil carriers last month.

The Korean yard has this year won orders worth $2.4 billion to build 19 vessels in total, it said.

Most Popular

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
Vessels

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.
Contracts and Tenders

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Contracts and Tenders

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.
LNG Terminals

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.
Vessels

Basalt adds another LNG carrier to its fleet

UK-based infrastructure investment firm Basalt Infrastructure Partners has added the 180,000-cbm LNG carrier, Celsius Galapagos, to its fleet.
Research and Development

Samsung Heavy, KR to develop three-tank LNG carrier

South Korean shipbuilder Samsung Heavy Industries signed a memorandum of understanding with compatriot classification society KR to jointly develop a 174,000-cbm LNG carrier featuring three cargo tanks.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA