Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

South Korea’s KSOE reveals orders for four LNG carriers

Hyundai Heavy and Hyundai Samho have each won orders to build two liquefied natural gas (LNG) carriers, according to Korea Shipbuilding & Offshore Engineering.

KSOE said on Tuesday that the deals are worth about 1.17 trillion won ($910 million) or some $227.5 million per vessel.

HSHI will deliver two 174,000-cbm LNG carriers to an unidentified Asian shipowner by August 2025.

On the other side, HHI will build the two vessels for an Asian shipowner as well and deliver them by March 2025.

KSOE did not disclose the name of the Asian firm.

Malaysia’s Petronas is probably behind these new orders, according to shipbuilding sources.

One source told LNG Prime on Tuesday that South Korea’s SK Shipping had ordered these four vessels for Petronas charter.

KSOE and its units won orders for 95 ships worth about $11.18 billion this year.

The shipbuilder has set a target for this year of $17.4 billion, compared to $14.9 billion last year. It secured in total $22.8 billion worth of orders during 2021.

(Article updated to add more information regarding the orders.)

Most Popular

Venture Global LNG gets Calcasieu Pass approval from FERC

US LNG exporter Venture Global LNG has received approval from the US FERC to launch operations of its entire Calcasieu Pass LNG terminal in Louisiana.

Glencore seals LNG supply deal with China’s Shandong Order Group

China’s Shandong Order Group has signed a deal to buy liquefied natural gas (LNG) from a unit of Switzerland-based energy trader Glencore.

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.

More News Like This

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.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

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