South Korea’s KSOE reveals orders for 8 LNG-powered vessels

Korea Shipbuilding & Offshore Engineering has revealed new orders for LNG-powered vessels, including six containerships and two pure car and truck carriers.

The orders are worth about 1.28 trillion won ($1.04 billion), according to a statement by KSOE issued on Friday.

Under the first order, KSOE’s unit Hyundai Heavy industries will build six LNG dual-fuel containerships with a capacity of 7,900 TEU and deliver them to an owner based in Liberia in the first half of 2025.

The containerships will have 272 meters in length, 42.8 meters in width, and 24.8 meters in height.

This order has a price tag of about 989.5 billion won ($805 million).

One shipbuilding source told LNG Prime that this order could be connected to Switzerland’s shipping giant MSC. The firm is building a fleet of LNG-powered vessels.

As per the order for LNG dual-fuel PCTS, KSOE’s unit Hyundai Samho will build these vessels for an owner based in the Middle East.

HSHI would deliver these ships in the first half of 2025 as well, KSOE said.

The car carriers will be 200 meters long, 38 meters wide, and 37 meters high.

These two LNG-powered PCTCs are worth about 294.1 billion won ($239 million).

Brokers said that Ray Car Carriers is behind this order.

KSOE and its units won orders for 80 ships worth about $8.23 billion this year.

The shipbuilder has set a target for this year of $17.4 billion, compared to $14.9 billion last year. It secured in total $22.8 billion worth of orders during 2021.

- Advertisements -

Most Popular

Golden Pass LNG to ramp up construction activities after Zachry deal

QatarEnergy and ExxonMobil will ramp up construction activities at the Golden Pass LNG export terminal in Texas after a...

Tellurian updates on Driftwood LNG work

US LNG terminal developer Tellurian, which is being acquired by Australia's Woodside, released the latest construction update for the...

Hudong-Zhonghua confirms TotalEnergies order for LNG bunkering vessel

China’s Hudong-Zhonghua said it had secured an order to build one 18,600-cbm LNG bunkering vessel for French energy giant...

More News Like This

HD Hyundai Heavy awards new LNG tank gig to GTT

South Korean shipbuilder HD Hyundai Heavy Industries has awarded a new contract to French LNG containment giant GTT. According to...

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...

HD Hyundai Samho expands berthing capacity to address rise in ship orders

South Korean shipbuilder HD Hyundai Samho has expanded its berthing facilities to address the increase in orders for ships,...

Malaysia’s Petronas adds new vessels to its fleet as LNG Canada launch nears

Malaysian energy giant Petronas has added three new liquefied natural gas (LNG) carriers to its fleet as it prepares...