Hyundai Samho reveals $200m price tag of latest NYK LNG carrier contract

Hyundai Samho reveals $200m price tag of latest NYK LNG carrier contract

South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has revealed the price tag of an LNG ship just ordered by Japan’s Nippon Yusen Kaisha (NYK). The Japanese shipping major is paying $200m for a 174,000 cu m vessel that will deliver in 2020.

This is the first contract from Japan in 13 years for Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries (HHI).

The ship will go on charter to EDF LNG Shipping, a subsidiary of Electricité de France (EDF), to for seven years, with options available for up to 13 additional years.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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