Turkish consortium add to Hyundai Heavy’s FSRU tally

Turkish consortium add to Hyundai Heavy’s FSRU tally

2017 is proving a whole lot better for the world’s largest shipbuilder after 2016, the worst year in a generation. South Korea’s Hyundai Heavy Industries (HHI) is celebrating winning another floating storage and regasification unit (FSRU) contract.

A Turkish consortium comprising Kolin Construction and Kalyon Group has come in for one firm FSRU and another on option. While no price has been given, the contract is thought to be worth around $230m per unit.

Last month Hoegh LNG Holdings added another FSRU to its HHI orderbook. The 170,000 cu m will deliver at the end of next year.

HHI has jumped ahead of its local rivals in snaring deals in the first six weeks of the year.

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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