Photo: Illustration. Image by KSOE

KSOE wins order for LNG carrier trio

South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) is enjoying a continued ship ordering spree as it won another contract for three liquefied natural gas (LNG) carriers.

The new contract is worth KRW 636.4 billion (about $570.9 million), KSOE said in a stock exchange filing on 16 April 2021.

As informed, the LNG carrier trio will be built by Hyundai Heavy Industries (HHI), a unit of KSOE, for an undisclosed Asian shipowner.

The newbuilds are planned to be delivered by 1 July 2024.

Earlier this week, KSOE unveiled two more orders for a total of five liquefied petroleum gas (LPG) carriers. The first contract, encompassing three 80,000 cbm LPG carriers, is valued at KRW 176 million.

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The second deal, which includes two 40,000 cbm LPG carriers, is worth KRW 119.9 billion.