Samsung Heavy Industries bags $446 million order for LNG carrier pair

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of two liquefied natural gas (LNG) carriers.

LNG Carrier/Illustration; Image credit: SHI

The company behind the order is an undisclosed shipowner based in Africa, according to a stock exchange filing.

The value of the contract is 589.7 billion won ($446 million). The two LNG carriers are slated for delivery by March 2026.

Other details of the contract were not revealed.

With this deal, SHI has managed to fulfill 89% of its annual $8.8 billion target of $8.8 billion. So far, the shipbuilder increased its cumulative order receipts to 41 ships which are worth around $7.8 billion.

Only in June this year, SHI succeeded in signing a $3 billion order worth of orders for 14 LNG carriers. The contracts were inked with undisclosed shipowners from Bermuda and Africa.

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Last month, the South Korean company delivered newbuild liquefied natural gas (LNG) carrier to Greek shipping company Minerva. The vessel Minerva Amorgos is a 174,000 m3 LNG carrier which features WinGD XDF propulsion, Mark III Flex+ containment system and Airliquide subcooler system.

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