Qatar Orders LNG Carriers

Tuesday, June 06, 2006
According to reports, Hyundai Heavy Industries Co and two other South Korean shipbuilders said they won orders for 10 LNG carriers from Qatar Gas Transport totaling $2.5b. The announcement comes a day after Qatargas ordered the tankers from Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co to ship the fuel to markets in the US, Asia and Europe. South Korean shipyards’ profit fell in the last two years because higher prices of steel plates used in vessels and the stronger won against the US dollar made the value of the orders secured smaller when converted to the local currency. Hyundai Heavy will build three ships, which can each carry 216,000cu m of LNG, for 713bn won, according to the Ulsan-based company in a statement to the Korea stock exchange. Daewoo Shipbuilding, the world’s second-largest shipbuilder, will construct three vessels which can each move 210,100cu m of LNG, costing a total $690mn, it said in an e-mailed statement. Samsung Heavy will build three of the world’s biggest ships, which can each carry 266,000cu m of LNG, and one 217,000cu m vessel valued at a combined 1.03tn won, it said in a separate statement to the Korea stock exchange. Qatar signed agreements with Hyundai Heavy, Daewoo Shipbuilding and Samsung Heavy early last year to secure enough space to build LNG ships. So far, the world’s three biggest shipyards have received orders for a total 44 LNG ships from the Middle East country, of which half have been awarded to Daewoo Shipbuilding. Source: Gulftimes
Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

NZ Interislander Ferry to Dry-dock in Devonport

NewZealand's KiwiRail says that the Interislander ferry Arahura has left Wellington for her scheduled bi-annual dry-docking in Devonport, having last visited Auckland in July 2012.

LNG

Skangass Granted Permission for LNG Terminal

The Swedish Government (Länsstyrelsen in Dalarnas Län) has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden.

Policy Uncertainty Threatens to Slow Renewable Energy Momentum

IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The

SHIPPINGInsight Extends Early-bird Registration

SHIPPINGInsight 2014 is extending the deadline for early-bird registration to Sept. 15. Attendees registering online at www.shippinginsight.com/choose-event prior to midnight Sept.

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1104 sec (9 req/sec)