Korea Shipbuilding & Offshore Engineering Co. (KSOE) said that it has bagged a 971.4 billion-won (US$784 million) order to build three liquefied natural gas (LNG) carriers from an Oceanic shipper.
KSOE said Hyundai Heavy Industries Co., one of its three affiliates, will build the 200,000-cubic-meter LNG vessels at its shipyard in the southeastern port of Ulsan.
The ships will be delivered to the undisclosed shipping company in stages from the first half of 2026, KSOE said. KSOE said it marks the world’s first LNG carrier order this year.
Last year, the shipyard clinched orders to build 44 LNG vessels out of the world total of 173.
In September, global market researcher Clarkson Research Service predicted the world’s LNG ship orders to reach 83 this year.
KSOE, the subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has three subsidiaries — Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.
Tags: KSOE, LNG, Ocean Shippig, Port of Ulsan
Recent Posts
Zero-carbon ammonia for shipping faces challenges
Wärtsilä signs lifecycle agreement for 7 Capital Gas LNG carriers
ABS releases report on nuclear LNG carrier design
NTPC develops indigenous catalyst for methanol production
Huangpu Wenchong receives AIP from CCS for ships using methanol and ammonia
Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB
Masdar and EMSTEEL complete project using green hydrogen to produce steel
DNV Grants HHI AiP for ammonia DF large container vessel