South Korea’s KSOE reveals order for 10 LNG-powered containerships

South Korea’s shipbuilder Korea Shipbuilding & Offshore Engineering has revealed an order for ten new LNG-powered containerships worth about 745.6 billion won ($627 million).

KSOE’s unit Hyundai Mipo Dockyard would build the 2,000 TEU vessels for a European shipping company, the firm said in a statement on Tuesday.

The vessels will be 204 meters long and 29 meters wide and have ice-class 1A notation, according to KSOE.

Hyundai Mipo will deliver the ships by the second half of 2024.

KSOE did not reveal any additional info on the new order.

With the latest orders, KSOE has won in total $22.5 billion in orders, exceeding this year’s order target of $14.9 billion for about $7.6 billion.

Shipbuilding sources told LNG Prime that France’s CMA CGM could be behind this order for the small container vessels.

CMA CGM is heavily investing in LNG as fuel and expects to have at least 44 LNG-powered ships in its fleet by 2024.

Hamburg-based Containerships, a unit of France’s CMA CGM, already operates six 1,380 TEU LNG-powered feeder container vessels in the Baltic Sea.

All of the vessels are 170 meters long featuring 1A ice-class notation and dual-fuel engines.

Most Popular

TotalEnergies CEO expects US financing for Mozambique LNG to be approved in weeks

In May 2020, EXIM voted to amend the agency's previously approved September 2019 direct loan supporting US exports for...

Greek and German firms place orders for LNG-powered vessels in China and Korea

Reports by Intermodal and other brokers suggest that Greece's Sun Enterprises and TMS Group and Germany's Peter Dohle ordered...

Gastrade: Alexandroupolis FSRU remains offline due to technical issue

"For the moment, regasification services have been suspended due to a technical issue, for which we will provide further...

More News Like This

CMA CGM orders 12 LNG-powered containerships at HD Hyundai Heavy

HD Hyundai Heavy's parent KSOE announced on Thursday that HD Hyundai Heavy will build 12 vessels with a capacity...

CMA CGM takes delivery of new LNG-fueled feeder vessel

French shipping giant CMA CGM has taken delivery of the final ship in a series of 10 new 2,000-teu...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

CMA CGM pens LoI for LNG-fueled containerships

LNG Prime recently reported that CMA CGM was planning a new order. Sources said on Tuesday that CMA CGM has...