KSOE’s Hyundai Heavy to build LNG carrier duo

South Korea’s shipbuilder Korea Shipbuilding & Offshore Engineering said it has secured an order to build two LNG carriers from an unidentified European shipowner.

The order has a price tag of 425.1 billion won ($375 million).

It also includes an option for two additional ships, KSOE said in a filling to the stock exchange on Monday.

Furthermore, KSOE’s unit Hyundai Heavy Industries will build the two vessels with each having a capacity of 174,000 cbm.

Hyundai Heavy will start delivering the vessels in the second half of 2022.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

HD Hyundai Heavy lays keel for Excelerate’s FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification...

HD Hyundai Heavy to install new type of engine on Excelerate’s FSRU

Excelerate Energy's new floating storage and regasification unit (FSRU), which is currently under construction at South Korean shipbuilder HD Hyundai Heavy Industries, will feature the world’s first H54DF HiMSEN engine.

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...