Hyundai Heavy to build LNG carrier trio

South Korea’s shipbuilder Hyundai Heavy Industries will build three LNG carriers for an unidentified owner as part of a contract revealed on Friday.

Parent firm Korea Shipbuilding & Offshore Engineering said in a filing to the stock exchange the deal has a price tag of about 636.4 billion won ($570.9 million).

Furthermore, Hyundai Heavy will deliver the LNG carriers to an owner based in Asia by July 2024, according to the filling.

KSOE did not reveal any additional information.

Shipbuilding sources tell LNG Prime that Hyundai LNG Shipping is behind the order for the three carriers. Petronas would charter the trio to ship volumes from the Shell-led LNG Canada development, according to the sources.

Worth mentioning here, South Korea’s Kogas, also a partner in LNG Canada, recently ordered an LNG bunkering vessel at Hyundai Heavy as it looks to further boost its fueling business.

The vessel with a capacity of 7,500 cbm marks the first LNG bunkering ship order for Hyundai Heavy but also for Kogas.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

HD Hyundai Heavy starts building Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building Nakilat’s first of 17 LNG carriers as part of an order placed last year.

EPS LNG-powered tankers to feature HD KSOE’s pumps

Singapore-based Eastern Pacific Shipping (EPS) has joined forces with South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to install the latter’s pumps and vaporizer skids on LNG-powered Aframax tankers.

HD Hyundai Samho secures LNG-powered containership order

South Korea’s HD Hyundai Samho has secured an order to build LNG-fueled container vessels.

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.