South Korea's leading shipbuilder Samsung Heavy Industries Co. said Monday it has won a 664 billion won (US$622 million) order to build three liquefied natural gas (LNG) carriers from an Asian shipper.
Under the deal signed with a undisclosed shipper, Samsung Heavy will build three 174,000-cubic-meter level carriers by 2018, which will be equipped with a "dual fuel" engine system that bolsters efficiency.
Once completed, they will be deployed to ship U.S. shale gas to Asian countries. Samsung Heavy has won a combined $6.5 billion in orders this year. Samsung said the demand for LNG carriers is anticipated to rise down the road, as projects in the U.S. are projected to lead to more exports of shale gas and the need for 60 additional carriers in the near future, with more demand to come from Australia, Mozambique and Tanzania.
"Global orders for carriers are set to reach more than 30 units every year following the expansion of LNG exports from the U.S., Australia and Eastern Africa," Samsung said in its release. "As Samsung already tops the global LNG carrier market, we are anticipated to take the lead in future orders as well."
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Monday, November 24, 2014
SAMSUNG HEAVY INDUSTRY TO DEVELOP LNG TANKERS –AS ENERGY DRIVES THE WORLD TO WORK
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