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Korea Shipbuilding inks 425 bln won deal to build 2 LNG carriers

All News 11:17 November 02, 2020

By Nam Kwang-sik

SEOUL, Nov. 2 (Yonhap) -- South Korean shipbuilding holding company Korea Shipbuilding & Offshore Engineering Co. said Monday that it has signed a 425 billion won (US$375 million) deal to build two liquefied natural gas (LNG) carriers for a European company.

The 174,000-cubic-meter LNG carriers to be built by Korea Shipbuilding's unit Hyundai Heavy Industries Co. are scheduled to be delivered starting in the second half of 2022, Korea Shipbuilding said in a regulatory filing.

Chances are high that Korea Shipbuilding will get an additional order, as the deal has an option to build an additional two same-sized LNG carriers, the company said in a separate statement.

Korea Shipbuilding has obtained orders to build eight LNG carriers so far this year, the company said.

This photo, brovided by Korea Shipbuilding & Offshore Engineering Co. on Nov. 2, 2020, shows a LNG carrier built by its unit Hyundai Heavy Industries Co. (PHOTO NOT FOR SALE) (Yonhap)


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