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Samsung Heavy Industries bags $3bn in LNG carrier orders

Photo: John Foreman LNG carrier in Johor Strait near MMHE
LNG carrier in Johor Strait near MMHE
South Korean shipbuilder Samsung Heavy Industries (SHi) has announced it has received orders totalling $3bn for 14 LNG carriers to be delivered in 2024 and 2026, the largest single order in its history.

The larger of the two orders was identified as being with a Bermuda-based company and it covers a total of 12 LNG carriers each with a capacity of 174,000 cu m. The contract, which is due to be completed in July 2026, was valued at $2.57bn, or a cost of approximately $208m each.

The second order was for two LNG carriers and identified as being for an African company operating in Africa. Those vessels are due for delivery at the end of 2024 and are valued at a higher price of $212m per vessel.  

Samsung had previously set a record with an order for 20 containerships received in March 2021. That contract was valued at $2.2bn.

The Korean shipbuilding company reported with these latest orders it has won orders totalling $6.3bn for 33 ships so far in 2022