Santa has come early for Samsung Heavy Industries. The South Korean yard, which has endured its most barren spell of orders in a generation this year, falling far short of its annual sales targets, has at last received some good news.
Höegh LNG has signed a letter of intent for one firm and three optional FSRUs at the Korean yard.
The 170,000 cu m FSRUs have regasification capacity of 750 MMScf/day and full trading capabilities.
The vessels have scheduled delivery dates of two units in 2019 and two units in 2020. The complete shipbuilding contract for the firm vessel is expected to be signed by mid-January 2017.
Höegh LNG president and ceo Sveinung Støhle commented: “Last week we secured a new FSRU employment contract, and today we follow up with the ordering of our next series of FSRU newbuildings, in line with our declared strategy. With this agreement with SHI, whose selection has been subject to a competitive international tender, Höegh LNG has taken advantage of a very favorable newbuilding market to position itself for further expansion in the FSRU segment.”
