
K Line Names LNG Canada Carrier
K Line has named the 174,000 cbm LNG carrier Diamond Gas Jade at Samsung Heavy Industries for use in the LNG Canada project in British Columbia.

K Line has named the 174,000 cbm LNG carrier Diamond Gas Jade at Samsung Heavy Industries for use in the LNG Canada project in British Columbia.

Samsung Heavy Industries has secured a $756 million order from Seapeak for three 174,000 m³ LNG carriers scheduled for delivery in 2029.

South Korea announced its K-Shipbuilding Future Vision, including public vessel orders, KRW 525 billion in technology investment and KRW 16 trillion in trade finance.

China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.

China has added a fifth LNG carrier builder with Celsius Georgetown, intensifying competition with Korean yards as orders rise, prices tighten and technology gaps narrow.

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.
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