South Korea’s Samsung Heavy to build another LNG carrier quartet

South Korean shipbuilder Samsung Heavy Industries will build four 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 a Bermuda-based owner.

Moreover, the contract has a price tag of 971.3 billion won ($825 million), the shipbuilder said. This means the owner would pay about $206 million per vessel, the highest since 2015, Samsung said.

The yard added it would deliver the ships by the end of 2024, but it did not reveal any additional information regarding the contract.

Including the newest contract, the shipbuilder won orders worth $11.2 billion so far this year, surpassing its annual target of $9.1 billion.

One shipbuilding source told LNG Prime that J.P. Morgan could be behind this order for four new carriers.

Samsung Heavy recently won an order for four LNG carriers that will serve Novatek’s Arctic LNG projects.

Sovcomflot and NYK ordered these 174,000-cbm LNG carriers and signed long-term charter deals with Novatek. These vessels have a price tag of about $809.2 million.

Most Popular

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

NextDecade, Jera seal 20-year LNG SPA

Japan's Jera has signed a 20-year deal to buy liquefied natural gas from the planned fifth train at NextDecade's Rio Grande LNG facility in Texas.

Australia’s Viva Energy gets OK for Geelong LNG import terminal

Australia’s Viva Energy has secured approval from the Victorian government for its proposed FSRU-based LNG import terminal in Geelong, Australia.

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.