South Korean shipbuilder Samsung Heavy Industries (SHI) has won an $ 825 million (KRW971.3 billion) contract to build four liquefied natural gas (LNG) carriers, reports OLTNews.
About the order
The order has been placed by an undisclosed shipowner from the Bermuda region. The price tag for the contract is KRW 971.3 billion (around $825 million), the shipbuilder revealed in its stock exchange filing.
The new buildings are expected to be delivered by the end of 2024.
Icebreaker LNG carriers
In addition, SHI has negotiated with Russian contractors for the construction of icebreaker LNG carriers, Offshore Energy reported.
Last week SHI received orders from Denmark-based Celsius Tankers for a series of four LNG carriers.
These vessels, scheduled for delivery between 2023 and 2024, will be signed for long-term charters with Clearlake Shipping, a subsidiary of Gunvor Group.
Long-term charter
The four new vessels will enter into long-term time charters with Singapore-based Clearlake Shipping, a subsidiary of Gunvor. The vessels’ design is expected to minimize CO2 emissions and methane slip from operations. In addition, it will fall under Lloyds’ Register class notation EEDI-3.
What is more, the firm has been in talks with Russian contractors to build icebreaking LNG carriers. The negotiations concern building the vessels that would transport the LNG produced in northern Siberia.
With the latest deals on the table, the South Korean shipyard has won orders worth $11.2 billion, surpassing its annual target of $9.1 billion.
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Source: OLTNews
