Maran Gas Raises LNG Newbuild Costs To $253M

35

Maran Gas order noses up LNG newbuild prices to US$253M, says a Riviera news source.

Week 46 was an eventful one for LNG newbuilds

Week 46 was an eventful one for LNG newbuilds, with contracts rolling into South Korean and Chinese shipyards, including a single-vessel deal inked by Maran Gas Maritime that hit US$253M — the highest level of the year.

Greek shipowner with Daewoo Shipbuilding & Marine Engineering (DSME) signed the contract for a 174,000-mnewbuild that will go on long-term charter to Australia’s Woodside Energy, with delivery set for December 2026, according to data from the BRL Weekly Newbuilding Contracts report.

13 LNG carriers on order

In total, Maran Gas Maritime has 13 LNG carriers on order, two of which were allocated to Samsung Heavy Industries (SHI) “when Daewoo was too full to accept the orders,” BRL’s report said.

With just six weeks left in the year, QatarEnergy has completed the first phase of its historic newbuild programme at 66 LNG carriers. BRL reported that preparations are underway for phase two of QatarEnergy’s newbuilding binge that will raise its contracted total to over 100 LNG carriers and, with options, push that number to as many as 151 when the fully tally is taken.

The week’s shipbuilding data also confirmed H-Line Shipping had signed 16 contracts for LNG carriers, eight of which were earmarked for long-term charter to QatarEnergy. These 170,520-m3 vessels have deliveries stretching to November 2025. Three are to be fixed with Petronas and two with Exxonmobil.

Hyundai Samho Heavy Industries (HSHI)

BRL noted that these 16 ships had been originally agreed during the prior quarter.
“[The deal was agreed] with shipyards and charterers on a long-term basis and possible joint ownerships. Then, for some reason, the deal ‘collapsed’ but was later reactivated with all the vessels having H-Line as the principal owner,” the report said.

Thirteen of the vessels were confirmed to be contracted for build at SHI, two at DSME and one 174,000-m3 vessel at Hyundai Samho Heavy Industries (HSHI). This larger capacity LNG carrier, set for delivery in April 2025, has two WinGD 5X72DF two-stroke, dual-fuel engines, with long-term charter set to Vitol and subcontracted to Shell.

DSME also inked a shipbuilding contract for a single vessel believed by brokers to be for Mitsui OSK Lines (MOL) but not confirmed, said BRL.

MOL joined with China LNG in a venture for three 174,000-m3 LNG carriers that will go on long-term charter to QatarEnergy. The MOL CLNG JV ordered the newbuilds from China’s Hudong-Zhonghua, with deliveries between March 2027 and March 2028.

 

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Riviera

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.