HD Hyundai Samho to build LNG carrier for $250 million

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for approximately $250.5 million.

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

Moreover, the delivery of the LNG carrier is expected to be completed by December 2028.

HD KSOE said the contract is worth 367.2 billion won ($250.5 million).

The group did not reveal further details.

Shipbuilding sources told LNG Prime that this order is related to a recent announcement by South Korean shipping firm Hyundai Glovis on securing a long-term charter deal with a global trading company for one newbuild LNG carrier.

The newbuild LNG carrier is scheduled to transport LNG from the US Gulf Coast to major global markets starting in 2029.

Hyundai Glovis said it will order the 174,000-cbm LNG carrier, but it did not reveal the name of the shipyard or the trading company, while reports suggest that the charterer is Japan’s Itochu.

Eight LNG carriers

Including this order, HD KSOE and its units have won orders for a total of 117 ships worth $16.52 billion, achieving 91.5 percent of its annual target of $18.05 billion.

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

Hyundai Samho recently won an order for two LNG carriers from BW LNG, a unit of Singapore-based gas shipping giant BW, for approximately $508 million.

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.

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