Samsung Heavy clinches single LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries will build another liquefied natural gas (LNG) carrier as part of a new deal revealed on Monday.

Samsung Heavy said in a filing to the stock exchange the contract has a price tag of 241.6 billion won ($203.6 million).

The yard said it would build the LNG carrier for an owner based in Central and South America.

Samsung Heavy added it would deliver the ship by December 2024, but it did not reveal any additional information regarding the contract.

Including the newest deal, the shipbuilder won orders worth $12.2 billion so far this year, surpassing its annual target of $9.1 billion by about $3.1 billion. This includes orders for 22 LNG carriers.

This new contract follows an order for one LNG carrier Samsung Heavy revealed earlier this month.

In addition, Celsius Shipping recently confirmed it has ordered two 180,000-cbm LNG carriers at the yard.

Most Popular

MAN will no longer offer ME-GA engine

Volkswagen’s MAN unveiled the ME-GA dual-fuel engine in March 2021, describing it as an Otto-cycle variant of the company’s...

Kumul awards pre-FEED contract to Wison for Papua New Guinea’s first FLNG

The two firms signed the contract on Friday. With an expected capacity of 1.5 mtpa, Papua New Guinea’s first FLNG...

Atlantic LNG shipping rates dip to $26,750 per day

Last week, Atlantic LNG shipping rates dropped below $50,000 per day. “Spark30S Atlantic rates dropped for a fourth consecutive week,...

More News Like This

GTT clinches new LNG tank job

GTT received the order during the third quarter of 2024. Under the order, Samsung Heavy contracted GTT to design tanks...

MISC orders LNG carrier duo at Samsung Heavy, inks charter deal with Petronas

MISC revealed this deal in a stock exchange filing on Tuesday. According to the firm, the newbuild LNG carriers will...

Celsius takes delivery of new LNG tanker

South Korea’s Samsung Heavy Industries has handed over a new 180,000-cbm LNG carrier to Denmark’s Celsius Tankers, a unit...

New TMS LNG carrier named in South Korea

Greece-based shipping firm TMS Cardiff Gas has named the first in a series of newbuild liquefied natural gas (LNG)...