More LNG Orders in the Pipeline

Credit: Tom Fisk/Pexels
  • DynaGas and NYK places orders for 4 LNG ships
  • The purchase is at a premium cost for both buyers
  • Deliver of the ships expected by 2027

The owners of the recent big LNG orders at Hyundai Heavy Industries (HHI) in South Korea are revealed. 

Latest orders

According to Allied Shipbroking Greek owner Dynagas has returned for 200,000 cu m LNG carriers following on from its order for three such vessels at the same yard back in January.

Dynagas is paying $15m more per unit for these latest ships, with each ship costing around $277m. 

Japan’s Nippon Yusen Kaisha (NYK) HHI has placed an order for four 174,000 cu m ships. The ships are costing $257m each.

All Dynagas’ and NYK’s latest orders are scheduled for delivery by 2027 with all ships expected to be on long-term engagement with EnBW.

Splash reports say that last month the global LNG orderbook is at an all-time high of 50% of the extant fleet.


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Source: Splash247