SHI Bags $358m Order for 2 LNGC

Maritime Activity Reports, Inc.

December 9, 2018

Photo : SHI-bulit LNG carrier

Photo : SHI-bulit LNG carrier

South Korean shipyard Samsung Heavy Industries (SHI) revealed that it has clinched a KRW 400bn (USD358 million) deal to build two LNG carriers.

According to a press release from the Korean shipbuilder, the contract, with an unnamed Asian shipper, calls for Samsung Heavy to deliver the vessels by the end of 2021. The deal also includes an option for four additional orders that could be made next year, it said.

"SHI's new order total for 2018 now stands at 44 vessels and 5.4 billion USD. which include 13 LNG carriers, 13 Containerships, 15 tankers, and 3 special purpose ships," said the release.

According to Yonhap, the shipbuilder aims to secure $8.2 billion worth of deals for the year.

Pulse News reported that under the latest contract, DSME will build two LNG carriers with 174,000 cubic meters in size at its shipyard in Okpo, South Gyeongsang Province, and aim to deliver them by the first half of 2021.

The vessels will be powered by high-pressure gas injection engine ME-GI, which provides 30 percent higher fuel efficiency compared with other LNG carriers, and more than 30 percent lower emissions.

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