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).

Most Popular

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

More News Like This

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

PaxOcean repairs LNG carrier duo

PaxOcean, a unit of Singapore’s Kuok and owner of five shipyards, has completed repair work on liquefied natural gas (LNG) carriers owned by Indonesia's Sillo Maritime and South Korea's Hyundai LNG Shipping.

Knutsen orders another LNG carrier at Hanwha Ocean

Norwegian owner Knutsen has ordered another liquefied natural gas (LNG) carrier from South Korea's Hanwha Ocean, according to shipbuilding sources.

Knutsen orders LNG carrier at Hanwha Ocean

Norwegian owner Knutsen has ordered one liquefied natural gas (LNG) carrier from South Korea's Hanwha Ocean, according to shipbuilding sources.