South Korea’s Hyundai Heavy scores $744 million Greek LNG carrier order

For illustration purposes only (image courtesy of Hyundai Heavy Industries)

South Korean shipbuilding giant Hyundai Heavy Industries said Tuesday it won a contract to build four liquefied natural gas (LNG) carriers for Capital Gas Carrier Corp., owned by Greek shipowner Evangelos Marinakis.

The deal is worth 836.5 billion won (US$744 million).

The LNG carriers are expected to be completed by the end of June 2021, Hyundai Heavy said in a filing to the stock exchange.

This deal marks the entry of Marinakis into the LNG world as the shipowner has no LNG carriers in its fleet.

There have been recently several media reports saying that Hyundai Heavy and Marinakis signed a letter of intent for up to 10 LNG carriers ranging in size from 170,000-180,000 cubic metres.

Hyundai Heavy did not provide any additional info in its filling.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >