Hyundai Heavy Industries to built two LNG carriers

Hyundai Heavy Industries has concluded newbuilding agreements for two LNG carriers.

According to a stock exchange filing, the deals have a value of KRW 463.8 billion (USD 389.5 million).

The 180,000 cbm vessels, ordered by an undisclosed European owner, are scheduled for delivery by the end of June 2022.

The shipbuilder expects to receive more orders for large-scale LNG carriers during 2019 on the back of an increasing LNG orderbook amid recent tightening of environmental regulations.

In April Hyundai Heavy said it secured orders for five new gas and crude carriers, with a value of around USD 600 million, from European and Asian ship owners.

Namely, an undisclosed Greek shipping company signed a contract for the construction of a 174,000 cbm LNG carrier, while a Japanese owner placed an order for an LNG carrier with Hyundai Heavy at the end of March.

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