Samsung Heavy Industries Kicks Off First Order of the Year... 200 Billion KRW LNG Carrier Contract for One Vessel

[Asia Economy Reporter Park So-yeon] Samsung Heavy Industries has succeeded in securing its first order of the year with a contract for an LNG carrier.

Samsung Heavy Industries announced on the 5th that it had secured an order from the global shipping company Pan Ocean for one 174,000㎥ class LNG carrier worth 199.3 billion KRW. The vessel is scheduled to be delivered by April 2023.

The newly ordered vessel features the latest membrane (Mark-Ⅲ Flex) type cargo tanks equipped with a reliquefaction system to minimize cargo loss. It is also equipped with a selective catalytic reduction (SCR) system for nitrogen oxide reduction and a ballast water treatment system (BWTS). Samsung Heavy Industries' smart ship solution, SVESSEL, is also installed.

The shipowner, Pan Ocean, plans to deploy the latest specification LNG carrier in its LNG business sector to enhance international competitiveness, under a long-term time charter (TC) contract worth approximately 115 million USD signed last year with the Portuguese energy company Galp.

A Samsung Heavy Industries official stated, "We are pleased to announce the order for an LNG carrier, which is our company's strength, at a very early stage this year," and emphasized, "We will do our best to expand orders this year based on our superiority in eco-friendly, high-efficiency, and smart ship technologies."

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