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.)

Most Popular

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Deutsche ReGas: Mukran LNG terminal hits record in Q2

German LNG terminal operator Deutsche ReGas claims that its FSRU-based LNG import facility in Mukran was the highest-performing LNG terminal in Germany in the second quarter of this year.

Ukraine’s Naftogaz to get another US LNG cargo from Orlen

Poland's Orlen will supply another US LNG cargo to Ukraine's Naftogaz, the fourth shipment as part of a deal signed earlier this year.

More News Like This

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container 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.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

GTT clinches new LNG tank gig

France’s GTT has secured a new tank design order from HD Korea Shipbuilding & Offshore Engineering for one liquefied natural gas (LNG) carrier.