Samsung Heavy and GasLog close to sealing LNG orders

Samsung Heavy and GasLog close to sealing LNG orders

Samsung Heavy Industries (SHI) is being widely tipped to have just about clinched its first order of the year.

Monaco-based Greek outfit GasLog is coming in for up to six 174,000 cu m LNG carriers at SHI, a deal that could be worth as much as $1.2bn. Financing has been fixed largely out of South Korea for the deal GasLog already has a pair of similarly sized gas carriers on order at Hyundai Heavy Industries.

South Korea’s major yards are set to fall a very long way short of their annual sales targets this 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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