South Korea’s KSOE reveals orders for 8 LNG-powered vessels

Korea Shipbuilding & Offshore Engineering has revealed new orders for LNG-powered vessels, including six containerships and two pure car and truck carriers.

The orders are worth about 1.28 trillion won ($1.04 billion), according to a statement by KSOE issued on Friday.

Under the first order, KSOE’s unit Hyundai Heavy industries will build six LNG dual-fuel containerships with a capacity of 7,900 TEU and deliver them to an owner based in Liberia in the first half of 2025.

The containerships will have 272 meters in length, 42.8 meters in width, and 24.8 meters in height.

This order has a price tag of about 989.5 billion won ($805 million).

One shipbuilding source told LNG Prime that this order could be connected to Switzerland’s shipping giant MSC. The firm is building a fleet of LNG-powered vessels.

As per the order for LNG dual-fuel PCTS, KSOE’s unit Hyundai Samho will build these vessels for an owner based in the Middle East.

HSHI would deliver these ships in the first half of 2025 as well, KSOE said.

The car carriers will be 200 meters long, 38 meters wide, and 37 meters high.

These two LNG-powered PCTCs are worth about 294.1 billion won ($239 million).

Brokers said that Ray Car Carriers is behind this order.

KSOE and its units won orders for 80 ships worth about $8.23 billion this year.

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

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

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...

NYK’s Gazocean adds new LNG carrier to its fleet

The newbuild LNG carrier in question is the 174,000-cbm, Elisa Ardea, according to a social media post by Gazocean. Gazocean...

HD Hyundai Heavy starts work on Excelerate’s FSRU

US FSRU player Excelerate announced the steel-cutting ceremony for the 170,000-cbm FSRU (Hull 3407) on Monday. The ceremony took place...

GTT scores new LNG tank gig

GTT received the order during the third quarter of 2024. Under the order, HD Hyundai Samho contracted GTT to design...