In an exchange filing today, Samsung Heavy Industries announced the winning of contracts to build a new drillship and two LNG carriers for a total consideration of 610.3 billion KRW and 446.5 billion KRW respectively.
The name of the drillship owner was not disclosed, however the LNG carriers will be built for FLEX LNG, a company who has been in a legal battle with Samsung regarding a $458.7 million down payment that Flex LNG made for four FLNG units, a $2.4 billion deal that ended up being cancelled.
This new order marks the settlement of that dispute and a redeployment of a portion of those funds for the construction of two 174,000 m3 TFDE LNG Carriers according to a statement on FLEX LNG’s website.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Korean Register, HD Hyundai Heavy Industries, BAR Technologies and the Liberian Registry are teaming up to study the use of large wing sails on a new generation of LNG carriers.
The Republic of Korea and the United States have officially launched the Korea–U.S. Shipbuilding Partnership Center (KUSPC) in Washington, D.C., establishing a new hub intended to accelerate joint efforts to...
Partnership combines U.S. autonomy technology with South Korean shipbuilding expertise as Saronic expands its domestic manufacturing footprint Saronic and South Korea’s Samsung Heavy Industries (SHI) have announced a strategic partnership...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
