Samsung to build LNG-powered VLCC quartet

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.

- Advertisements -

Most Popular

Tellurian: early works progress at Driftwood LNG site

US LNG firm Tellurian and compatriot engineer Bechtel are moving forward with early site works for the Driftwood LNG...

Cheniere takes FID on Corpus Christi LNG expansion project

US LNG exporting giant Cheniere said on Wednesday it has taken a financial investment decision on Stage 3 expansion...

Hoegh LNG says Australian FSRU contract confirmed

Floating LNG player Hoegh LNG said on Friday that Australian Industrial Energy (AIE) has confirmed a long-term FSRU charter...

More News Like This

Samsung Heavy to build 14 LNG carriers for about $3 billion

South Korean shipbuilder Samsung Heavy Industries has won orders to build in total 14 LNG carriers worth about $3...

South Korea’s Samsung Heavy tests new reliquefaction tech

South Korea's Samsung Heavy said it has succeeded in verifying the performance of its new reliquefaction system, X-Reli, boosting...

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...

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...