SHI Seals Kogas Duo

  • Business & Finance

Korean shipbuilder Samsung Heavy Industries (SHI) followed in the footsteps of its counterpart Daewoo Shipbuilding and Marine Engineering (DSME) in concluding the deal for construction of Kogas LNG carriers.

Samsung signed a contract for two 174,000 m3 LNG carriers worth USD 417 million, the company said in a filling with Korea Stock Exchange.

The two carriers built by Samsung Heavy will be managed by SK Shipping.

The LNG carriers will feature the newly developed KC-1 cargo hold system together with Kogas’ onshore membrane LNG tank.

Earlier today, DSME concluded a deal with Korea Line Corporation and Hyundai LNG for construction of four LNG carriers.

The two liner companies will manage two vessels each. The order forms part of Kogas tender for 6 LNG carriers, awarded last year.

These six LNG carriers are intended to be used to transport an annual 2.8 million tons of shale gas from the Cheniere Energy’s Sabine Pass port in the U.S.A. to Korea beginning in 2017.

World Maritime News Staff

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