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

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

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.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.