HD Hyundai Samho bags contract to build LNG carrier duo

South Korea’s HD Hyundai Samho has secured an order to build two liquefied natural gas (LNG) carriers for approximately $508 million.

Hyundai Samho’s parent HD Korea Shipbuilding & Offshore Engineering said on Tuesday that the shipbuilder will build the vessels for an unidentified owner in North America.

Moreover, the delivery of the two LNG carriers is expected to be completed by November 2028.

HD KSOE said the contract is worth 741.2 billion won ($508 million), or about $254 million per vessel.

Including this order, HD KSOE and its units have won orders for a total of 104 ships worth $14.24 billion, achieving 78.9 percent of its annual target of $18.05 billion.

The orders include seven LNG carriers and six LNG bunkering vessels.

Earlier this year, HD Hyundai Samho won an order for four 174,000-cbm LNG carriers tied to Evangelos Marinakis-led Capital, with each vessel worth approximately $256.5 million.

Before this order, HD Hyundai Samho secured an order for one LNG carrier worth $262 million in April.

London-based Purus ordered this 180,000-cbm LNG carrier.

LNG Prime was unable to immediately identify the owner behind the latest order for two LNG carriers at Hyundai Samho.

Shipbuilding sources said there have been several recent moves regarding potential orders for two LNG carriers, including requests by BW LNG, Evalend, and Asyad.

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