Hyundai Heavy to build LNG carrier trio worth about $783 million

South Korean shipbuilder Hyundai Heavy Industries has won a contract to build three liquefied natural gas (LNG) carriers worth about $783 million.

Parent KSOE said on Tuesday HHI would build the 200,000-cbm LNG carriers for an unidentified owner in Oceania and deliver them by November 2026.

According to KSOE, the contract has a price tag of 971.4 billion won ($783 million) or $261 million per vessel, which is a record price.

The LNG carriers would be 299.8 meters long and 48.9 meters wide.

This is the first LNG carrier order for KSOE and its units for 2023.

It is also the first order for large LNG carriers in 2023 announced by any Korean or Chinese shipyard.

Dynagas ordered the LNG carriers?

Shipbuilding sources told LNG Prime that Greece’s Dynagas is likely behind this order for the three LNG carriers.

Dynagas also ordered four 200,000-cbm LNG carriers at Hyundai Heavy in 2021 and three 200,000-cbm vessels last year.

The three vessels ordered in March last year are each worth about $234 million, some $27 million less compared to this newest order.

Most Popular

Posco International, Glenfarne ink Alaska LNG pact

US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.

Monkey Island LNG pens offtake MoU

Houston-based Monkey Island LNG, the developer of a 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana, said it had signed a memorandum of understanding with an unidentified international oil company for the offtake of LNG.

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

More News Like This

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

HD Hyundai, SK Shipping join forces on AI-based LNG cargo solution

HD Hyundai's three units are joining forces with SK Shipping to install an artificial intelligence-based LNG cargo operation solution on the latter's 174,000-cbm LNG carrier.

NYK, partners take delivery of QatarEnergy LNG carrier

Japan’s NYK and its partners K Line, Malaysia’s MISC, and China’s CLNG have taken delivery of a 174,000-cbm LNG carrier built under the massive QatarEnergy shipbuilding program.

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.