Korea Shipbuilding & Offshore Engineering Secures Additional Order for 3 LNG Carriers

[Asia Economy Reporter Park So-yeon] Korea's 'Big 3' shipbuilders, Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries, secured a total of 17 liquefied natural gas (LNG) carriers over three days, achieving contract results exceeding 3.4 trillion KRW.

This is interpreted as the Mozambique LNG project led by France's Total placing orders within the year.

Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, announced on the 23rd that it signed contracts to build a total of 3 LNG carriers with shipping companies based in Bermuda and Panama.

The total contract amount is 612.2 billion KRW, and these vessels are scheduled to be built at Hyundai Samho Heavy Industries.

Korea Shipbuilding & Offshore Engineering secured 9 LNG carriers over three days starting from the 21st, signing contracts worth a total of 1.8237 trillion KRW.

With this contract, the company has secured a total of 116 vessels (10 billion USD) this year, achieving 91% of its annual order target (11 billion USD).

In particular, it showed strong momentum at the end of the month by contracting a total of 28 vessels (3.6 billion USD) this month alone.

Samsung Heavy Industries also announced on the same day that it secured 4 LNG carriers worth a total of 815 billion KRW from shipowners in the African region.

Samsung Heavy Industries secured a total of 8 LNG carriers (1.63 trillion KRW) over three days.

Additionally, it raised its cumulative order performance to 5.5 billion USD, achieving 65% of its annual order target (8.4 billion USD).

This content was produced with the assistance of AI translation services.