Höegh LNG Orders 4 FSRU from Samsung Heavy
South Korea's Samsung Heavy Industries Co has won one firm Shipbuilding Contract (SBC) and an agreement for three optional floating storage and regasification units (FSRUs) from Hoegh LNG Holdings.
Under the deal with Norway-based Hoegh LNG Holdings Ltd., the shipyard will build the vessel by May 2019, the company said in a regulatory filing. Samsung has an option to build three more FSRU units, it said.
Höegh LNG's President and Chief Executive Officer Sveinung J. S. Støhle said in a comment: "We are very pleased to have completed this agreement with SHI, a yard we know well as SHI built Höegh LNG's first two FSRUs. These units have shown excellent performance since their delivery. The agreement with SHI also marks a new era for Höegh LNG with FSRU newbuilding programs at two of the world's biggest shipyards, which solidify our position as the leading FSRU provider to the LNG industry."
Firm FSRU will be delivered in may 2019 and optional FSRUs will be delivered with approx. six months interval from delivery of firm vessel.
Earlier this month, the shipbuilder won a $1.27 billion deal to build an offshore facility, marking the first mega deal of the year for South Korean shipbuilders struggling to bring in new orders.
