Generic Hero BannerGeneric Hero Banner
Latest market news

South Korean yards pick up LNG newbuild orders

  • Märkte: Natural gas
  • 01.06.21

South Korean shipbuilders have picked up three separate orders for a total of seven newbuild LNG carriers — all placed at the end of May.

Hyundai Heavy Industries received an order for four carriers from an unnamed owner in Oceania yesterday, with delivery by the end of March 2024. The order was valued at 887.6bn won — equivalent to around $200mn per vessel and higher than the price for other recent orders with South Korean yards. Hyundai Heavy's previous LNG carrier order — for three vessels, placed in mid-April by South Korea's Hyundai LNG Shipping — was valued at around $190mn per vessel.

This suggests the carriers might have greater capacities than the 173,400-180,000m³ that makes up most of the LNG carrier orderbook, with Greek owner Dynagas' pair of 200,000m³ carriers on order with Hyundai Heavy the notable exception.

Samsung Heavy Industries received an order on 28 May from an unnamed Oceania owner for a pair of carriers to be delivered by mid-July 2024, valued at $188mn per vessel.

The order is Samsung Heavy's first since South Korean owner Pan Ocean ordered a single carrier in January, priced at $183mn.

The seventh of the recent orders was placed by Hyundai LNG Shipping with Daewoo Shipbuilding and Marine Engineering — a single 174,000m³ carrier due for delivery in November 2023 and priced at $196mn. The carrier is to sail under long-term charter with Spain's Repsol.

Daewoo has received one other LNG carrier order this year, from Japan's Mitsui OSK Lines (Mol), but this was converted from a previous order for a floating storage and regasification unit (FSRU) that was to be deployed at the planned Wilhelmshaven import terminal. After the project was scrapped in April, Mol opted to convert the FSRU order into a carrier order.


Teilen
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more