HHI, Hyundai Samho score LNG carrier orders

Korea Shipbuilding & Offshore Engineering said Friday its two units Hyundai Heavy Industries and Hyundai Samho have secured orders to build LNG carriers.

The deals include four LNG carriers worth in total 891 billion won ($746 million), KSOE said in two regulatory fillings.

Under the first deal, shipbuilding giant Hyundai Heavy has secured a 445.6 billion-won deal to build two LNG carriers.

The yard will build the vessels for an unidentified shipper in Bermuda.

Hyundai Samho will also construct two LNG tankers for 445.6 billion-won but for a European company, KSOE said.

The Korean firm added that it expects to book another two LNG carrier orders this month.

KSOE said that all of the carriers will serve the Hague-based LNG giant Shell.

These deals mark the first LNG vessel orders among Korean shipbuilders this year.

Most Popular

Construction progresses on Woodside’s Louisiana LNG project

Australian LNG player Woodside and its contractor Bechtel continue to advance construction of the first phase of the Louisiana LNG export terminal.

TotalEnergies, CMA CGM get EU OK for LNG bunkering JV

French energy giant TotalEnergies and compatriot shipping firm CMA CGM have received approval from the European Commission to form a 50/50 logistics joint venture and operate an LNG bunkering supply solution at the Dutch port of Rotterdam.

Atlantic spot LNG rates dip to $20,000 per day

Atlantic spot LNG shipping rates continued to decrease this week, dropping to $20,000 per day, according to Spark Commodities.

More News Like This

Tsakos books LNG carrier at HD Hyundai Heavy

Greek shipowner Tsakos Energy Navigation (TEN) has ordered one liquefied natural gas (LNG) carrier from South Korean shipbuilder HD Hyundai Heavy Industries.

Indonesia’s AKRA forms FSRU JV with BW

Indonesian petroleum and chemicals logistics company AKR Corporindo (AKRA) has formed a joint venture with a unit of Singapore-based gas shipping giant BW to develop an FSRU-based LNG project in Indonesia.

HD Hyundai Heavy to build FSRU, LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has won contracts worth approximately $574 million to build one floating storage and regasification unit (FSRU) and one liquefied natural gas (LNG) carrier.

HD KSOE develops fuel pump for LNG-powered vessels

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said it had developed a domestically produced high-pressure fuel pump for liquefied natural gas (LNG)-powered vessels.