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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.

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