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 four new vessels on order at the yard.

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