Samsung Heavy Industries Lands $620 Million Order for LNG Carriers

Mike Schuler
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October 13, 2014

File photos shows an SHI-built LNG carrier. Photo credit: Samsung Heavy Industries

South Korea’s Samsung Heavy Industries announced Monday that it has won a US $620 million order from an Asian buyer for the construction of three LNG carriers used to transport U.S. shale gas.

The LNG carriers will have a capacity of 174,000 m3 of LNG, and will be delivered by 2018. SHI added that the vessels will be equipped with dual fuel engines for increased efficiency.

The vessels will be used to transport U.S. shale gas to countries in Asia, Samsung said in its press release.

The Asian buyer has not been disclosed.

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