KSOE Bags $480M Order for LNG Pair

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South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for the construction of two liquefied natural gas (LNG) carriers.

$477m vessel orders

The order, valued at KRW 617.3 billion (about $477 million), has been placed by an undisclosed Oceanian shipowner.

The construction work will be performed by KSOE’s affiliate Hyundai Samho Heavy Industries (HSHI).

The newbuilds are slated for delivery by April 2026, KSOE said in a stock exchange filling.

European shipping orders

This April, the South Korean major also secured orders from undisclosed European shipping firms to build two LNG carriers of identical size under different contracts.

The ships will also be constructed by KSOE’s unit HSHI.

KSOE’s orderbook currently stands at 111 ships worth $13.54 billion, according to Yonhap News Agency. With the new orders placed, the firm achieved 77.6 percent of its yearly order target of $17.44 billion.

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Source: Offshore Energy

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