Dynagas tipped to have ordered LNG pair at Hyundai Heavy

Brokers are widely tipping Dynagas Holdings as the party behind contracts for two 180,000 cu m LNG carriers to be built at Hyundai Heavy Industries (HHI) in South Korea. Yesterday, the yard said it had received the orders, worth a combined $390m, without naming the buyer. The ships are due for delivery in the second and third quarter of 2022, signalling HHI has one of the longest orderbooks in world shipbuilding today, with other yards still struggling to fill out their final 2020 slots.

The Dynagas fleet today features seven existing LNG carriers, two of which were built at HHI.

HHI also revealed orders for its subsidiary yards yesterday, without naming who the buyers were. Hyundai Mipo Dockyard will build four product carriers while Hyundai Samho has been contracted to build a pair of suezmaxes all for delivery in 2021.

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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