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

Gastrade: Alexandroupolis FSRU remains offline due to technical issue

"For the moment, regasification services have been suspended due to a technical issue, for which we will provide further...

CMA CGM inks LoI for LNG-powered containerships

CMA CGM and CSSC's Jiangnan Shipyard recently signed the LoI, sources told LNG Prime on Wednesday. According to the sources,...

PetroVietnam Gas expects to award Thi Vai LNG expansion contract this year

This was revealed during a meeting between officials from PetroVietnam and PetroVietnam Gas on February 3, according to a...

More News Like This

CMA CGM orders 12 LNG-powered containerships at HD Hyundai Heavy

HD Hyundai Heavy's parent KSOE announced on Thursday that HD Hyundai Heavy will build 12 vessels with a capacity...

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

CMA CGM pens LoI for LNG-fueled containerships

LNG Prime recently reported that CMA CGM was planning a new order. Sources said on Tuesday that CMA CGM has...

Knutsen to provide FSU for LNG-to-power project in Honduras

London-based Watson Farley & Williams (WFW), who advised Honduras-based Genesis Energias on the chartering of Knutsen's LNG carrier Bilbao...