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

NNPC, Golar plan to take FID on Nigerian FLNG project in 2024

State-run Nigerian National Petroleum Corp and floating player Golar LNG plan to take a final investment decision on a...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

QatarEnergy, ExxonMobil update on Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the...

More News Like This

HD Hyundai, Shell ink pact to work on large liquefied hydrogen carriers

South Korean shipbuilding conglomerate HD Hyundai is joining forces with UK-based LNG giant Shell to develop large liquefied hydrogen...

Japan’s MOL charters LPG carrier duo to TotalEnergies

Japan’s shipping firm MOL said on Thursday it has signed a charter deal for two 88,000-cbm LPG carriers with...

HD Hyundai Heavy secures contract to build LNG carrier duo

South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build two liquefied natural gas (LNG) carriers...

MOL, Gaz-System seal Gdansk FSRU charter deal

Japan's shipping giant MOL has signed a long-term FSRU charter deal with Poland’s Gaz-System for the planned LNG import...