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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

LNG

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Simulators Sonar
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: 0.1077 sec (9 req/sec)