Samsung Heavy Wins USD 1.5 Bn LNG Carrier Deal

LNGIllustration; Image by WMN

South Korean shipbuilder Samsung Heavy Industries (SHI) has secured another order for the construction of liquefied natural gas (LNG) carriers.

The conditional deal comprising an undisclosed number of vessels was signed with a shipowner from Eurasia on November 22, 2019.

The order is worth KRW 1.78 trillion (about USD 1.5 billion), Samsung Heavy said in a stock exchange filing on November 25.

As informed, the newbuilds are expected to be delivered to their owner by September 30, 2022.

No further details have been revealed.

The announcement follows last month’s order by Malaysia’s MISC Berhad for two 174,000 cbm LNG carriers at Samsung Heavy.

The newest order helped the shipbuilder reach about 88 percent of its annual order target, Business Korea reported. Specifically, SHI has won USD 6.9 billion worth of orders so far this year, up from USD 6.3 billion seen last year.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Dec 2019 >>
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >