South Korea’s Samsung Heavy nets contract for LNG carrier duo

South Korean shipbuilder Samsung Heavy Industries will build two new liquefied natural gas (LNG) carriers as part of a deal revealed on Monday.

Samsung Heavy said in a stock exchange filing it would build the vessels for an Oceania-based owner.

The yard did not reveal the name of the company behind the order.

Moreover, the contract has a price tag of 460.9 billion won ($392.8 million), the shipbuilder said.

Samsung Heavy added it would deliver the ships by September 2024.

Including the newest contract, the shipbuilder won orders worth $7.1 billion so far this year for 54 ships, reaching 78 percent of its annual target.

Samsung Heavy has last month revealed an order from an Oceania-based owner for one 180,000-cbm LNG carrier.

Brokers reported that Denmark’s Celsius Shipping is behind this order and the firm now has six new vessels on order at the yard.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.