Samsung bags orders for 14 LNG carriers construction

South Korea’s Samsung Heavy Industries has bagged orders worth $3bn for the construction of 14 liquefied natural gas (LNG) carriers.

The shipbuilder said it would build twelve 174,000 cu m units for an undisclosed Bermuda-based shipowner, who is paying $2.57bn to have the vessels delivered by July 2026.

In a separate order the shipbuilder received order worth around $428m from an African shipowner for two LNG carriers set to deliver by December 2024.

Earlier this month, DSME and HHI announced orders for four and two LNG carriers, respectively, that will serve the North Field expansion project, which will increase Qatar’s LNG production capacity from 77m tons per year to 126m tons per year, with the first LNG expected in 2025. As part of the project, China’s Hudong-Zhonghua Shipbuilding also firmed up orders for four LNG ships with Japan’s Mitsui OSK Lines (MOL).