Samsung Heavy to build LNG carrier quartet

South Korean shipbuilder Samsung Heavy Industries has won orders to build four liquefied natural gas (LNG) carriers.

Samsung Heavy said it would build two LNG carriers for an owner based in Africa and deliver them by March 2025.

This order has a price tag of 582.1 million won ($429 million) or about $214.5 million per vessel.

As per the the other two LNG tankers, Samsung Heavy will construct these vessels for an owner based in Bermuda and deliver them by September 2025.

The unidentified owner will pay 583 million won ($430 million) or about $215 million per ship.

Such as the order DSME announced on Tuesday for seven LNG carriers, these contracts are most likely related to the massive shipbuilding program by state-run QatarEnergy.

The price of $214-$215 million per vessel is the same as the price for the 14 174,000-cbm LNG carriers SHI won in June and which are part of the QatarEnergy program, as well as other orders at KSOE and DSME.

Shipbuilding sources said that a Korean consortium consisting of H-Line Shipping, Pan Ocean, and SK Shipping ordered two out of these four vessels under QatarEnergy’s program.

Besides K3, JP Morgan ordered two LNG carriers at Samsung Heavy as well, the sources said.

With this latest order, Samsung Heavy won orders for 37 ships worth $7.2 billion so far this year, achieving or 82 percent of its yearly target of $8.8 billion.

(Article updated to add more information regarding the owners behind the order.)

Most Popular

Chevron pens Western Australian gas supply deal with Alinta

Chevron’s Australian unit has signed a new long-term deal with Alinta Energy to deliver domestic natural gas from its Gorgon and Wheatstone LNG projects and the Woodside-led NWS JV.
spot_img

More News Like This

GTT bags Delfin FLNG gig

French LNG containment specialist GTT has secured a tank design order from South Korean shipbuilder Samsung Heavy for Delfin Midstream's 4.4 mtpa FLNG unit, which will be installed offshore Louisiana.

South Korea’s Samsung Heavy clinches another LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build another liquefied natural gas (LNG) carrier for approximately $252 million.

JGC, Technip Energies, and Samsung Heavy win EPCIC contract for Coral Norte FLNG

Eni-led Mozambique Rovuma Venture has awarded a contract to Japan's JGC, France's Technip Energies, and South Korea's Samsung Heavy to provide engineering, procurement, construction, installation, and commissioning (EPCIC) services for the second FLNG project in Mozambique, Coral Norte (Coral North). JGC says the contract is worth below $5 billion.

Cedar FLNG launched in South Korea

South Korea’s Samsung Heavy Industries has launched Cedar LNG's floating LNG production unit, which will be installed in Kitimat on Canada’s West Coast.