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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Interior Facelift for Queen Mary 2

Cunard’s luxurious flagship, the iconic 2,620 passenger ocean liner Queen Mary 2, will undergo an interior refit at the hands of McCue Marine during a 25-day multimillion-pound

Chemical Shipping Freight Rates to Remain Under Pressure

On the back of low bunker prices and more new buildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes

LNG

FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.

Top 10 Shipowning Nations by Value

VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

GTT, DSME Partner for NO96 Max Development

GTT signs a cooperation agreement with Daewoo Shipbuilding & Marine Engineering aiming at the industrialization of its NO96 Max technology   GTT, a designer of

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0726 sec (14 req/sec)