Samsung Heavy nets single LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries said it would build one liquefied natural gas (LNG) carrier under a new deal revealed on Friday.

According to Samsung Heavy, the contract has a price tag of 263.3 billion won ($217 million).

Also, the yard said it would build the LNG carrier for an owner based in Oceania and deliver it by October 2025.

Samsung Heavy did not provide any additional information.

Two shipbuilding sources told LNG Prime that the owner behind this order is Denmark’s Celsius Shipping, boosting the orderbook to nine 180,000-cbm vessels at the Korean yard.

In December, Celsius Tankers, a unit of Celsius Shipping, and partners ordered two vessels at Samsung Heavy.

Samsung Heavy already delivered four 180,000-cbm LNG tankers to Celsius Shipping.

Including this newest LNG carrier, Samsung Heavy secured orders for 14 ships worth about $2.2 billion this year. It previously won orders for four LNG carriers and nine containerships.

The yard has set an order target of $8.8 billion this year.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. This included orders for 22 LNG carriers.

(Article updated on March 6, 2022, to say that the owner behind the order is Denmark’s Celsius Shipping.)

Most Popular

QatarEnergy CEO says damaged Ras Laffan LNG trains to take three years to repair

State-owned LNG giant QatarEnergy expects the damage to two liquefaction trains at its giant Ras Laffan complex to take three years to repair, according to Qatar’s energy minister and CEO of QatarEnergy, Saad Sherida Al-Kaabi.

Ecuador in LNG import move

Ecuador's state-run oil and gas company, Petroecuador, has invited international market participants to participate in a non-binding request for information to identify liquefied natural gas (LNG) supply alternatives that can help meet Ecuador’s growing natural gas demand.

Maersk orders 26 LNG-powered container vessels

Danish shipping giant Maersk has ordered 26 LNG dual-fuel container vessels as it continues to expand its dual-fuel fleet.

More News Like This

GasEntec, Samsung Heavy ink small-scale LNG pact

South Korea-based LNG technology and assets firm GasEntec has entered into a memorandum of understanding with shipbuilder Samsung Heavy Industries to license the latter's liquefaction technology for small-scale applications between 50,000 and 1 million tons per annum.

South Korea’s Samsung Heavy secures order for LNG carrier quartet

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build four liquefied natural gas (LNG) carriers for approximately $1.05 billion.

Conrad, Samsung Heavy get ABS OK for LNG bunkering barge

Shipbuilders Conrad and Samsung Heavy received approval in principle from classification society ABS for the basic design of a 12,000-cbm LNG bunkering articulated tug-barge (ATB) intended for construction in the United States.

Poland’s Gaz-System names first Gdansk FSRU

Poland’s state-owned LNG terminal operator Gaz-System has named the first floating storage and regasification unit (FSRU) that will serve its LNG import project in Gdansk.