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

Venture Global doubles Greek LNG supply deal

US LNG exporter Venture Global LNG and a joint venture of Greek companies Aktor and DEPA have doubled volumes under their previously announced LNG supply deal.

Indonesia’s Sillo Maritime buys LNG carrier for $65 million

Indonesia's Sillo Maritime has purchased a 2009-built liquefied natural gas (LNG) carrier for $65 million.

US weekly LNG exports rise to 34 shipments

US liquefied natural gas (LNG) plants sent 34 cargoes during the week ending June 10, up five cargoes from the week before, according to the Energy Information Administration.

More News Like This

Trio to work on new LNG carrier design

Classification society Lloyd’s Register (LR) has joined forces with South Korea's HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries to develop a new generation of LNG carrier designs using hybrid electric propulsion.

Asyad Shipping names LNG carrier duo in South Korea

Oman's Asyad Shipping has named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Heavy launches Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has launched MOL’s floating storage and regasification unit (FSRU), which will serve Gaz-System’s Gdansk LNG project in Poland.

HD Hyundai Heavy scores $501 million LNG carrier order

South Korean shipbuilder HD Hyundai Heavy Industries has won a contract worth approximately $501 million to build two liquefied natural gas (LNG) carriers.