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LNG Ship Orders for Samsung Heavy Industries

Posted on April 4, 2006

Samsung Heavy Industries (SHI) announced that it received orders of three 266 000 cbm LNG ships from QGTC worth US$284 million per ship. These ships are reportedly the largest LNG ships to be made in the world, and the price per ship is also said to be the worlds highest. SHI also got orders of four 4300 TEU container ships each from Danaos Shipping of Greece and Hanjin Shipping of Korea. These three orders are worth a total of US$1.35 billion.

The LNG ship ordered from Qatar Shipping is 345 meters long, 54 meters wide and 27 meters high. It will be delivered to the ship owner by November 2008, where LNG will be produced at the Qatar QG II Project to be used in transporting LNG 12 times a year to the United States.

This ship will us use a low speed diesel engine system fueled by bunker C oil and will include a reliquefied facility for the cargo boil off gas. The low speed diesel engine is the next generation engine that has high engine efficiency, economical efficiency, and stability.

The container ship of which the order SHI won from Danaos of Greece is 277 meters long, 40 meters wide and 24 meters high. It will be delivered to the ship owner by 2008. The container ships of Hanjin Shipping will be delivered to the ship owner during the period from December 2008 to April 2009 in order.

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