Samsung Heavy kicks off work on Minerva LNG carrier

South Korea’s Samsung Heavy Industries has officially started building a 174,000-cbm LNG carrier for Greek firm Minerva Gas, a unit of Minerva Marine.

Minerva Gas announced the steel-cutting ceremony via its social media on Sunday.

The ceremony for the LNG carrier with a hull name SN2653 took place on November 8.

Minerva Gas did not provide further information.

VesselsValue data shows that Minerva Gas ordered this LNG carrier and its sister vessel (SN 2652) in November 2022.

Sources said at the time that these vessels are expected to serve US energy giant ExxonMobil under charter deals.

Minerva Gas will pay about $215 million per vessel.

These ME-GA vessels feature GTT’s Mark III Flex containment system, and are scheduled for delivery in 2026.

Samsung Heavy kicks off work on Minerva LNG carrier
Image: Minerva Gas

Minerva Gas currently has five LNG operational LNG carriers.

In October 2022, Minerva Gas took delivery of the 174,000-cbm LNG carrier Minerva Amorgos from Samsung Heavy.

This is the final LNG carrier in a batch of three vessels SHI built for the Greek firm.

SHI delivered the 174,000-cbm Minerva Kalymnos in February 2021 followed by Minerva Chios in August the same year.

All of the sister LNG carriers feature WinGD’s X-DF propulsion and GTT’s Mark III Flex Plus containment system.

In addition to these three carriers, Minerva Gas took delivery of two LNG tankers from South Korea’s Daewoo Shipbuilding and Marine Engineering.

The 173,400-cbm Minerva Limnos joined the fleet of Minerva Gas in June 2021, while its sister ship Minerva Psara started working with Shell in January 2020.

Both of these newbuilds feature MAN ME-GI propulsion, GTT’s NO96 containment tech, and a partial reliquefaction system.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

Bangladesh receives boost from World Bank to buy LNG supplies

The World Bank has approved a project aimed at helping Bangladesh's state-owned company Petrobangla to secure liquefied natural gas (LNG) supplies.

Kimmeridge’s Commonwealth LNG gets FERC approval

Kimmeridge's Commonwealth LNG has received the Federal Energy Regulatory Commission’s final order upholding authorization for its planned 9.5 mtpa LNG export project near Cameron, Louisiana.

More News Like This

Samsung Heavy cancels LNG carrier contract with Russia’s Zvezda

South Korean shipbuilding giant Samsung Heavy Industries has terminated contracts for 10 ice-class Arc7 LNG carriers and seven shuttle tankers with Russia's Zvezda.

Steel cut for Cedar’s FLNG in South Korea

South Korea’s Samsung Heavy Industries has officially started building Cedar LNG's floating LNG production unit, which will be installed in Kitimat, on Canada’s West Coast.

Basalt adds another LNG carrier to its fleet

UK-based infrastructure investment firm Basalt Infrastructure Partners has added the 180,000-cbm LNG carrier, Celsius Galapagos, to its fleet.

Samsung Heavy, KR to develop three-tank LNG carrier

South Korean shipbuilder Samsung Heavy Industries signed a memorandum of understanding with compatriot classification society KR to jointly develop a 174,000-cbm LNG carrier featuring three cargo tanks.