Hyundai Samho to build one LNG carrier for about $225 million

Hyundai Samho Heavy Industries continues to win orders for LNG carriers and has secured a contract to build one vessel, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday that the deal has a price tag of about 278.3 billion won ($225 million).

HSHI will deliver the LNG carrier by December 2025 to an unidentified European shipowner.

KSOE did not reveal any additional information regarding the LNG carrier which probably has a capacity of 174,000 cbm.

One shipbuilding source told LNG Prime on Thursday that Norway’s Knutsen is behind the order for this newbuild.

The vessel would feature MAN’s ME-GA engine and GTT’s Mark III Flex containment system, the source said.

Knutsen recently also ordered two 174,000-cbm LNG carriers at HSHI, backed by a charter with Poland’s dominant gas firm and LNG importer, PGNiG.

KSOE and its units keep wining orders this year on the back of high demand for LNG carriers and containerships.

The shipbuilding giant won orders for a total of 85 ships worth about $9.74 billion this year, achieving about 55.8 percent of its annual target.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year.

Most Popular

McDermott bags Monkey Island LNG gig

Houston-based McDermott has secured a contract from Monkey Island LNG for its planned natural gas liquefaction facility in Cameron Parish, Louisiana.

Gazprom supplying gas from Kaliningrad FSRU

Gas giant Gazprom has completed tests at its 174,000-cbm FSRU Marshal Vasilevskiy off Russia's Kaliningrad, located between Lithuania and Poland. The firm said...

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

More News Like This

Malaysia’s MHB bags new LNG carrier repair jobs

Malaysia Marine and Heavy Engineering (MHB) has secured new contracts to repair liquefied natural gas (LNG) carriers.

Ocean Yield in new LNG carrier move

KKR-backed Ocean Yield is further expanding its LNG carrier business with the purchase of CapeOmega Gas Transportation from Partners Group. CapeOmega co-owns ten LNG carriers operated by Norwegian shipowner Knutsen.

Knutsen takes delivery of QatarEnergy LNG carrier

Norwegian shipowner Knutsen has taken delivery of another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

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.