Hyundai Samho Heavy Industries Wins $1.3 Billion Dollar Order For Seven Ships

Hyundai Samho Heavy Industries received 1.3 billion dollars worth of shipbuilding work, seven ships, including six Very Large Container Ships and one Liquefied Natural Gas(LNG) carrier, on January 4, 2022.

Six 15,000 TEU (Twenty-foot Equivalent Unit) liquefied natural gas-powered container ships will be delivered gradually to a European-based shipping companies beginning in the first half of 2024. These ships will meet the stringent environmental regulations of the International Maritime Organization by being equipped with LNG dual-fuel propulsion engines.

CMA CGM 15000 LNG container ship
Image Credits: hshi.co.kr

The 174,000 cbm LNG carrier will be 289.9m long, 46.1m wide, and 26.3m high, and is scheduled to be delivered to an Asia-based shipping company in the second half of 2024. Not only dual-fuel propulsion engine but various eco-friendly technologies such as LNG re-liquefaction technology are being used on this carrier.

Hyundai Samho Heavy Industries aims to win a total of 4.6 billion dollars worth of orders this year, including 30 ships. With this order, it has already achieved nearly 30% of its goal.

Reference: hshi.co.kr

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