SHI Delays Delivery of LNG Carrier Duo

  • Business & Finance

South Korean shipbuilder Samsung Heavy Industries (SHI) is in talks on a new delivery deadline for a liquefied natural gas (LNG) carrier duo with an unnamed Asian shipowner. 

The two ships were ordered in January 2015 and were supposed to be delivered at the end of September 2017.

SHI said in a regulatory filing that once the new delivery schedule is agreed it would arrange for the necessary refunding to be carried out resulting from the delay.

The LNG carrier duo was priced at USD 395 million.

The shipbuilder has been busy with deliveries of OOCL’s ultra large container vessels (ULCVs) newbuildings over the recent months, which saw four 21,413 TEU containerships delivered to the company since May this year, OOCL United Kingdom, OOCL Germany, OOCL Japan and OOCL Hong Kong.

Two more ships from the batch remain to be delivered.

Late last month, the company secured an order for the construction of six ULCVs. The contract is worth KRW 1.118 trillion (USD 982.6 million), according to SHI.

The Korean shipbuilder said the order was placed by a European shipowner but did not disclose its identity.

The company’s order backlog stands at USD 12.9 billion, with USD 6.5 billion worth of orders bagged this year.

World Maritime News Staff

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