Hyundai Samho Bags LPGC Quartet Order Worth $328.7m

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Hyundai Samho Heavy Industries Co. has won orders for four LPG carriers worth $328.7 million (KRW 364.4 billion), reports Offshore Energy.

About the order

The orders are spread across two contracts, one with a shipowner from Liberia, and the second one with a shipping partner from Asia. Each company has booked two newbuilds.

As disclosed in a regulatory filing, all four ships are slated for delivery in 2023.

LPG-carriers design

According to Yonhap, the LPG carriers will feature 86,000-cubic-meter capacity. Other details of the design and potential fuel options were not disclosed.

Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Samho’s parent, has been on a roll over the past few months.

Previous orders

Just last week, it announced that Hyundai Samho Heavy Industries secured a deal to build two Suezmaxes for Sonangol Shipping Holding Limited.

For more information read our article KSOE Bags $137m Worth Order

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Source: Offshore Energy