South Korea’s KSOE reveals orders for four LNG carriers

Hyundai Heavy and Hyundai Samho have each won orders to build two liquefied natural gas (LNG) carriers, according to Korea Shipbuilding & Offshore Engineering.

KSOE said on Tuesday that the deals are worth about 1.17 trillion won ($910 million) or some $227.5 million per vessel.

HSHI will deliver two 174,000-cbm LNG carriers to an unidentified Asian shipowner by August 2025.

On the other side, HHI will build the two vessels for an Asian shipowner as well and deliver them by March 2025.

KSOE did not disclose the name of the Asian firm.

Malaysia’s Petronas is probably behind these new orders, according to shipbuilding sources.

One source told LNG Prime on Tuesday that South Korea’s SK Shipping had ordered these four vessels for Petronas charter.

KSOE and its units won orders for 95 ships worth about $11.18 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.

(Article updated to add more information regarding the orders.)

Most Popular

ConocoPhillips books Dunkirk LNG capacity

US energy giant ConocoPhillips has booked regasification capacity at France's Dunkirk LNG facility, and it also signed an Asian LNG sales and purchase deal.

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

More News Like This

HD Hyundai Heavy kicks off work on Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL's floating storage and regasification unit (FSRU), which will serve Gaz-System's Gdansk LNG project in Poland.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).

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.