Hyundai to build LNG ships for USD 850 million

Hyundai Heavy Industries has secured a giant LNG contract from Petronas to build four LNG tankers for a total value of USD 850 million, with options for an additional four ships.

Photo: Hyundai Merchant Marine

Major Korean shipyard group Hyundai Heavy Industries has signed a contract with Malaysian oil group Petronas to build four tankers, to transport the group's growing volumes of gas.

According to Seatrade Global, the contract includes four double hull vessels with a capacity 150,000 cubic meters and an option for four additional vessels. The first four ships are scheduled for delivery in the second half of 2016.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs