GTT has received an order from Samsung Heavy Industries for the tank design of a new 174,000 cbm LNG carrier for an Asian shipowner. The vessel will use the Mark III Flex membrane containment system and is expected to be delivered in 2029.
GTT has received an order from Samsung Heavy Industries for the tank design of one 180,000 m³ LNG carrier for a European shipowner, with delivery expected in 2028.
China booked 13 LNG carriers in January, driven by an integrated model linking finance, shipping and long-term charter demand, intensifying competitive pressure on Korean LNGC builders.
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
Hanwha Ocean has secured a 2.59 trillion won ($1.75 billion) contract from a European shipowner for seven LNG carriers, lifting its 2025 order tally to 51 ships worth $9.83 billion.
Nakilat strengthens financial flexibility through Korean financing for 25 LNG newbuildings, first delivery by end-2026.
SHI delivers Korea’s first 7,500 m³ LNG carrier converted with the KC-2C system, showcasing innovation in domestic LNG technology.
Samsung Heavy Industries refines its global shipbuilding network by focusing LNG and high-value ship construction at Geoje Shipyard while expanding international partnerships for crude tankers and offshore facilities.
China’s shipbuilding sector faces a sharp 73% drop in new orders as global demand slows and U.S. restrictions tighten, while South Korea expands its market share in high-value vessels.
