Samsung Heavy Industries wins 12-vessel LNG carrier contract

A Bermuda-based shipowner has awarded Samsung Heavy Industries a contract for twelve 174,000-cu m LNG carriers to be delivered by mid-July 2026. SHI will also supply two newbuild carriers to an African shipowner by end-2024.

Christopher E. Smith

June 23, 2022

A Bermuda-based shipowner has awarded Samsung Heavy Industries (SHI) a contract for twelve 174,000-cu m LNG carriers to be delivered by mid-July 2026. SHI will also supply two newbuild carriers to an African shipowner by end-2024.

The newest deals brought SHI’s 2022 order book to 33 vessels, 72% of its target for the year. Twenty-four of these vessels are LNG carriers.

The 12-vessel order is worth 3.33 trillion Korean won (about $2.5 billion). The two-ship order is worth 554 billion won.

Teekay LNG Partners LP, Golar LNG Partners LP, and GasLog LNG Services Ltd. are among the LNG-focused shipowners based in Bermuda.

About the Author

Christopher E. Smith

Editor in Chief

Chris joined Oil & Gas Journal in 2005 as Pipeline Editor, having already worked for more than a decade in a variety of oil and gas industry analysis and reporting roles. He became editor-in-chief in 2019 and head of content in 2025.