Samsung Heavy nets first LNG carrier order in 2025

South Korean shipbuilding giant Samsung Heavy Industries has secured its first liquefied natural gas (LNG) carrier order in 2025.

Samsung Heavy said on Monday that it will build the LNG carrier for an unidentified owner in Oceania.

The shipbuilder will deliver the LNG carrier by June 2027.

The order has a price tag of 379.6 billion won or about $261 million.

Samsung Heavy did not provide any additional information regarding the contract.

Based on previous SHI’s disclosures, shipbuilding sources said that Denmark’s Celsius Tankers, a unit of Celsius Shipping, could be behind this order for a single LNG carrier.

Last year, Celsius took delivery of the sixth 180,000-cbm vessel of ten on order at Samsung Heavy. The company’s fleet includes 20 LNG vessels, including 10 on order.

Celsius confirmed the LNG carrier order later on Monday by adding the vessel (SN 2729) to its website This order boosts the Celsius fleet to 21 LNG carriers.

On the other hand, Samsung Heavy now has 84 LNG carriers worth about $19.1 billion in its order book.

The shipbuilder won orders for 22 LNG carriers worth $5.3 billion in 2024.

In October 2024, Samsung Heavy won an order for one LNG carrier tied to Japan’s K Line, while the shipbuilder also won an order from Malaysia’s MISC for two 174,000-cbm LNG carriers.

Samsung Heavy also secured a contract from UAE’s Adnoc L&S to build four LNG carriers.

In February 2024, Samsung Heavy won a contract to build 15 LNG carriers under the QatarEnergy shipbuilding program.

In addition to LNG carriers, Samsung Heavy won an order to build Cedar LNG’s floating liquefaction unit.

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