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  • Korea Shipbuilding & Offshore Engineering wins W971b order for 3 LNG carriers - Korea Herald
  • 2023 January 18 10:13

    Korea Shipbuilding & Offshore Engineering wins W971b order for 3 LNG carriers - Korea Herald

    South Korea’s top shipbuilder Korea Shipbuilding & Offshore Engineering said Tuesday it has landed its first contract of the year worth 971 billion won ($784 million), according to Korea Herald.

    The company said it sealed the deal with a shipping company in Oceania to build three large liquefied natural gas carriers, each measuring 200,000 cubic meters in size.

    The company declined to reveal the name of the client, citing contract conditions.

    The carriers will be manufactured by Hyundai Heavy Industries, one of its three affiliates headquartered in Ulsan, beginning in early 2026 and then delivered consecutively to the shipping company.

    Through the deal, KSOE will be the first multinational shipbuilder this year to receive orders for LNG vessels. Since 2017, it has led the global market by attaining the most contracts for these ships annually.

    In September, global market tracker Clarksons Research Service predicted the world’s LNG ship orders to reach 83 this year.

    “Since the start of the new year, we have been continuously receiving inquiries regarding LNG carriers. We will focus on maximizing the profitability of our eco-friendly, high-value ships,” a KSOE official said.

    KSOE is the world’s largest shipbuilder and a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai. The company owns three subsidiaries – Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.




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18:07 Belize, Japan and Portugal join the 2012 Cape Town Agreement
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17:31 RF Government to finalize plans on development of transport corridors
17:29 NORDEN enters Capesize segment
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17:20 Wan Hai Lines holds ship naming ceremony for new vessel Wan Hai 331
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16:45 The combined EBIT of 12 largest shipping lines reach USD 95bn in 2022
16:26 Wartsila launches world-first radical derating solution for two-stroke engines
16:25 DP World sets new Southampton record for handling containers on ship
16:05 Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel
15:42 EU agrees stronger legislation to accelerate the rollout of renewable energy
15:29 TransContainer launches service for cargo traffic to China via Saint Petersburg
15:20 LR awards AiP to Hyundai Heavy Industries for its new Onboard Guidance System
15:04 SCZONE signs a framework business agreement with Suez Canal Container Terminal Company
14:57 RF Transport Ministry extends validity period of seafarers’ documents until 30 June 2023
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19:28 The problem of excess stock in Russia’s Far Eastern ports is settled – Vladimir Putin
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17:46 ADNOC LS unveils Integrated Logistics Services Platform
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17:16 Inland ports welcome a a deal on the requirements for Alternative Fuel Infrastructure
17:03 Rosneft Oil Company and Indian Oil Company sign agreement to substantially increase oil supplies
16:49 IMO CARES project receives a further round of funding from the Kingdom of Saudi Arabia
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15:27 Russian Railways to increase Eastern Polygon capacity by 9.5% this year
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14:59 USC General Director named flammability and price of composite materials as key factors hindering their use in shipbuilding
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