Samsung Heavy Wins Its 8th LNG Carrier Order

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South Korean shipbuilder Samsung Heavy Industries has secured another order for the construction of a liquefied natural gas (LNG) carrier, says an article published in Lloyd’s List.

About SHI deal and orderbook

The shipbuilder said that the deal, revealed on May 3, has a value of around KRW 221.6 billion (USD 190 million).

With the latest unit, the shipbuilder’s orderbook for 2019 stands at USD 2.6 billion, or 33 percent of its yearly goal, and includes eight LNG carriers and one FPSO.

Samsung Heavy’s 2019 orderbook target was set at USD 7.8 billion, up 24 percent over last year’s goal amid a strong appetite in the newbuilding market, particularly for LNG and container ships.

LNG carrier delivery schedule

Vessel is scheduled to be delivered to an Oceania buyer in March 2022 at a price of $190m.

SHI estimates that the LNG carrier fleet will expand to 986 vessels in 2030 from 522 units in 2018.

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Source: Lloydslist

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