AsiaContracts and TendersLNG as Fuel

Samsung to build LNG-powered VLCC quartet

By LNG Prime Staff
Samsung to build LNG-powered VLCC quartet2
For illustration purposes only (Image: Samsung Heavy Industries)

South Korean shipbuilder Samsung Heavy Industries revealed Thursday it won an order to build four LNG-powered very large crude oil carriers from an unidentified owner.

The order from an Oceania-based firm for the VLCCs has a price tag of 458.7 billion won ($414 million), Samsung Heavy said in a stock exchange announcement.

Moreover, the Korean yard said it would deliver the ships by June 2023, but it did not reveal any further info.

In addition, the new contract comes on the back of the recent order from Hong Kong-based Seaspan for LNG-powered ultra-large container vessels.

These vessels will serve Israel’s Zim under a 12-year charter.

Most Popular

Vessels

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.
Sponsored Content

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.
LNG Terminals

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Research and Development

Samsung Heavy gets OK for nuclear-powered LNG carrier

South Korean shipbuilder Samsung Heavy Industries has received an approval in principle for its molten salt reactor-powered 174,000-cbm liquefied natural gas (LNG) carrier equipped with a small modular reactor.
Research and Development

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.
Vessels

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.
Vessels

Samsung Heavy launches Minerva LNG tanker

South Korea’s Samsung Heavy Industries has launched a 174,000-cbm LNG carrier it built for Greek firm Minerva Gas, a unit of Minerva Marine.

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