Knutsen in for Hyundai Heavy LNG carrier

Norway’s Knutsen OAS Shipping can be revealed as the owner behind yesterday’s LNG carrier announcement from Hyundai Heavy Industries (HHI). The Korean shipbuilder revealed yesterday it had bagged an order for a 180,000 cu m LNG ship, without specifying from whom. While no price was given, estimates put the contract at around $193m.

The ship will go on long term charter to Iberdrola, a Spanish power company, which is set to import 800,000 tons of LNG per year from 2019 at the Corpus Christi project in Texas.

After a dire 2016, HHI has now won orders for six ships so far this year worth an estimated $800m.

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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