Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG) carriers.

SHI said on Wednesday it will build the LNG carriers for an unidentified owner in Oceania for 609.7 billion won ($496 million) or about $248 million per vessel.

The shipbuilder plans to deliver the vessels by January 15, 2027.

SHI did not provide any additional information regarding the contract.

Shipbuilding sources told LNG Prime that Japan’s shipping giant MOL is likely behind this order.

This is the first LNG carrier order SHI revealed in 2023.

Prior to this order, SHI and JGC won a contract from Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

Including the FLNG contract worth about $1.5 billion, SHI already secured orders worth some $2 billion this year, or about a fifth of the order target of $9.5 billion.

SHI expects owners to order more than 70 LNG carriers at yards this year and the shipbuilder will also focus more on the FLNG market.

It secured orders worth about $9.4 billion in 2022, surpassing its target of $8.8 billion.

This includes 36 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

Most Popular

Three dead in accident at Port Arthur LNG site

Sempra Infrastructure and Bechtel confirmed that an incident took place on Tuesday at the Port Arthur LNG construction site in Texas, resulting in three fatalities and two injuries.

Second Wilhelmshaven FSRU arrives at jetty

Germany's Wilhelmshaven now hosts two floating storage and regasification units. Excelerate’s 138,000-cbm FSRU Excelsior has docked at a new jetty, two kilometers south of the already operational Wilhelmshaven 1 terminal, to start serving the second FSRU-based terminal.

Cheniere’s Corpus Christi expansion project 82.5 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is 82.5 percent complete.

More News Like This

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.