Samsung Heavy Industries To Secure 1+1 LNGC Order

Samsung Heavy Industries(“SHI”) revealed on March 5, 2018 that one 180K ㎥ LNG carrier newbuilding has been approved by the board of an overseas owner.

The contract, is subject to agreement on the shipbuilding contract terms, which are scheduled to be agreed by March 9, 2018.

SHI to secure 1+1 LNGC order
Image Credit: samsungshi.com

SHI have granted an option for a further shipbuilding contract which remains subject to overseas owner board approval.

SHI’s 2018 orders so far include 8 containerships, 1 LNG carrier, and 2 tankers totaling 11 vessels worth 1.03 billion USD. The new LNGC contract would extend the order total to 12.

Last year, SHI won 3.3 billion USD worth LNG related newbuild orders including 3 LNGC, 2 LNG-FSRU, and a FLNG, strongly reminding the industry of its competitive edge at work.

A SHI representative said “growing demand for eco-friendly LNG would boost newbuilding market from this year.” He explained “(SHI’s) clear leadership in this market based on accumulated technology and experience from building 110 LNG carriers and many of the pioneering projects. We intend to continue to lead this value-added market for 2018 and beyond.”

Source: samsungshi.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *