Hyundai LNG Shipping places order for one carrier at DSME

South Korean shipowner Hyundai LNG Shipping has ordered one LNG carrier from compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering.

The contract for the 174,000-cbm LNG carrier has a price tag of 216.9 billion won ($195.2 million), DSME said in a statement on Monday.

In addition, the Korean shipbuilder will deliver the vessel by the fourth quarter of 2023.

DSME said the vessel would feature MAN ME-GI propulsion and a reliquefaction system.

Hyundai LNG Shipping will charter the vessel to Spain’s Repsol under a long-term deal, the statement said.

DSME has this year won $2.74 billion in orders for 26 ships. These include 11 very large crude carriers, nine LPG carriers, four containerships, one LNG carrier, and one wind turbine installation vessel (WTIV).

- Advertisements -

Most Popular

Oman LNG seals supply deal with Jera

State-owned producer Oman LNG said it had signed a deal to supply liquefied natural gas to Japan's Jera. Under the...

Oman LNG inks 10-year SPA with Shell

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with a unit of LNG giant Shell. Under...

Fluxys buys stake in Mukran LNG pipeline

A unit of Belgian LNG terminal operator Fluxys has purchased from Germany's Gascade a 25 percent stake in the...

More News Like This

Hanwha Ocean to build LNG carrier quartet for $920 million

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has received an LNG carrier order worth about $920 million...

Philippe Levy to lead Hanwha Ocean’s offshore business

South Korean shipbuilder Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as the president...

Hanwha Ocean bags $1.84 billion Qatari LNG carrier order

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion...

South Korea’s Hanwha Ocean inks memorandum to build 12 LNG carriers

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has signed a memorandum of agreement to build 12 liquefied...