South Korea’s Hyundai Samho to build two LNG carriers

Hyundai Samho Heavy Industries will build two new LNG carriers as part of a deal revealed on Wednesday, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said that the deal has a price tag of about 534.7 billion won ($447.3 million) or some $223.5 million per vessel, which is a very high price.

HSHI will deliver the 174,000-cbm LNG carriers by February 2025 to an unidentified African shipowner.

KSOE did not reveal any additional information.

One shipbuilding source told LNG Prime that Nigeria LNG, the operator of the 22 mtpa Bonny Island plant, is involved in this deal but they did not order the vessels directly.

Another company ordered the vessels, according to the source.

Nigeria LNG is a venture compromising of the Nigerian National Petroleum Corporation (49%), Shell (25.6%), Total (15%) and Eni (10.4%). The venture started building the seventh train last year to add around 8 mtpa of production capacity to the Bonny Island facility.

On the other side, these two LNG carrier orders follow several contracts KSOE announced since the beginning of this year, including for LNG carriers, LNG-powered containerships, and one LNG bunkering vessel.

In total, KSOE and its units won orders for a total of 26 ships worth about $4.16 billion.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year. The shipbuilder secured in total $22.8 billion worth of orders during 2021.

(This article was updated on February 10 to say that Nigeria LNG could be involved in the order for the two LNG carriers.)

- 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

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...

HD Hyundai Heavy secures order to build LNG carrier duo

South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build two liquefied natural gas (LNG) carriers...

QatarEnergy finalizes HD Hyundai LNG carrier deal as talks with other yards continue

State-owned LNG giant QatarEnergy has finalized its previously announced deal for 17 LNG carriers with South Korea’s HD Hyundai...

Knutsen, Orlen name two LNG carriers in South Korea

Norway's Knutsen and Poland's Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea. The delivery ceremony for...