KSOE signs agreement with Omani company to build 2 LNG carriers

The vessels will be delivered to Oman's Asyad Shipping by the first half of 2026

LNG carrier built by Korea Shipbuilding & Offshore Engineering 
LNG carrier built by Korea Shipbuilding & Offshore Engineering 
Seo-Woo Jang 1
2022-12-22 16:15:29 suwu@hankyung.com
Shipping & Shipbuilding

Korea Shipbuilding & Offshore Engineering Co., the shipbuilding holding company of the Hyundai Heavy Industries Group, said on Thursday that it recently signed a deal to build two liquefied natural gas (LNG) carriers with the Omani shipping company Asyad Shipping. The order volume is 650 billion won ($509 million).

The LNG carriers will be built by Hyundai Samho Heavy Industries in Yeongam, South Jeolla Province, and will be delivered by the first half of 2026.

With this contract, Korea Shipbuilding & Offshore Engineering received orders for a total of 197 vessels worth $23.9 billion, achieving 137.3% of its annual order target of $17.4 billion.

Write to Seo-Woo Jang at suwu@hankyung.com

KSOE joins race to buy marine engine maker STX Heavy Industries

KSOE joins race to buy marine engine maker STX Heavy Industries

STX Heavy Industries' marine low-speed diesel engine (Courtesy of STX)  Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Industries Co., according to industry sources on Dec. 15. Pine Tree Partn

Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers

Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers

KSOE's LPG carrier  Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Industries Group, said on Thursday that it has won a 399.9 billion won ($308 million) order to build two very large ethane carriers (VLECs) for a

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

Maersk is the world's top shipping company Korea Shipbuilding & Offshore Engineering Co. said on Wednesday it has clinched a 1.62 trillion won ($1.15 billion) order to build six methanol-powered containerships for Denmark’s A.P. Moller-Maersk.KSOE, the intermediate shipbuilding holdin

Hyundai Heavy's KSOE expected to turn to black in Q3

Hyundai Heavy's KSOE expected to turn to black in Q3

Hyundai Heavy Industries' container ship Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the first time in four quarters, according to the market consensus.KSOE is estimated to have earned 80.9 billion w

(* comment hide *}