Samsung Heavy Industries lands massive $3.4B instruct for 15 LNG carriers

Home Perfect Fuel Samsung Heavy Industries lands massive $3.4B instruct for 15 LNG carriers

February 6, 2024,

Fatima Bahtić

South Korean shipbuilding well-known Samsung Heavy Industries (SHI) has secured a contract to originate fifteen liquefied natural gasoline (LNG) carriers.

Illustration; Archive; Courtesy of Samsung Heavy Industries

The contract, fee KRW 4.57 trillion ($3.44 billion), is the finest single deal received by the shipbuilder, exceeding the KRW 3.96 trillion (round $3 billion) contract signed with Taiwan-primarily based mostly shipping company Evergreen Marine for sixteen methanol-powered container ships in July closing twelve months.

  • Posted: 6 months ago

The shipowner slack the instruct is believed to be Qatar’s LNG heavyweight QatarEnergy for the reason that shipbuilder became engaged in negotiations since October closing twelve months. In January this twelve months, the energy company also sealed a contract with Chinese language shipbuilder CSSC Hudong Zhonghua Shipbuilding for the building of eight Q-Max extremely-gorgeous LNG carriers

  • Posted: 3 months ago

The present 174,000 cbm ships to be constructed by the South Korean shipbuilder are scheduled to be sequentially delivered to the shipowner by October 2028. With this contract, Samsung Heavy Industries’ total orders for this twelve months amount to 17 ships, including fifteen LNG carriers and two very gorgeous ammonia carriers (VLACs).

“As we bear secured a big amount of labor with this gorgeous-scale instruct, our policy of selective instruct-taking centered on profitability will seemingly be additional reinforced,” SHI’s dependable renowned.

The firm received the instruct for two VLACs closing month. The deal, valued at KRW 315 billion ($235 million), became signed with undisclosed shipowners within the Oceania space. Samsung Heavy said that the 2 vessels are scheduled for shipping by the discontinue of November 2027.

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With the most stylish massive contract, the company has already secured $3.7 billion fee of backlog orders this twelve months, which represents over half of of closing twelve months’s total orders fee $8.3 billion. 

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