H-Line Returns to Hyundai Samho for Another LNG Carrier

Hyundai Samho Heavy Industries (HSHI), a subsidiary of South Korea’s Hyundai Heavy Industries (HHI) group, has won a contract to construct a 174,000 cbm LNG carrier.

The deal, worth KRW 226.8 billion (USD 190.5 million) has been signed with Seoul-based shipping company H-Line Shipping.

The newbuild is expected to be handed over to its owner by June 15, 2022, Hyundai Samho said in a stock exchange filing on December 6.

In September this year, H-Line ordered an LNG carrier of identical size at Hyundai Samho, which is due for delivery in late 2021. Prior to that, the shipping company ordered two 180,000 LNG-fueled bulk carriers at Hyundai Samho.

H-Line Shipping currently operates four owned and three shared LNG carriers, according to data provided on the company’s website. The ships import LNG supplies from Indonesia, Oman and Qatar under the 20- to 25-year long-term transportation contract with Korea Gas Corporation (KOGAS).

World Maritime News Staff