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Korean shipbuilders in talks for $6.6 bn Qatar LNG tanker deals

Korea Economic Daily LogoKorea Economic Daily4h ago

Korean shipbuilders in talks for $6.6 bn Qatar LNG tanker deals - Korea Economic Daily

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South Korean shipbuilders are likely to bag $6.6 billion contracts in total if QatarEnergy orders 20 Q-Max carriers at similar prices to those to be built by the Chinese company, industry sources in Seoul said.“We will decide to sign a deal after reviewing vessel prices and profitability,” said a Samsung Heavy source, adding the company has track records of manufacturing Q-Max tankers.

South Korean shipbuilders are in talks with Qatar for expected $6.6 billion deals to manufacture additional liquefied natural gas (LNG) tankers as the growing demand for the carrier along with container ships is expected to power overall vessel prices to near a record.

HD Korea Shipbuilding & Offshore Engineering Co.(HD KSOE), the parent of the world’s No.2 shipyard HD Hyundai Heavy Industries Co., is discussing with the state-owned QatarEnergy to supply about five LNG carriers, industry sources in Seoul said on Monday.


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Article Details

Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 17:55:39 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 21929128

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 11 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 3 hours ago

Coverage Areas: South Korea

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Publication Timezone: GMT +8:00

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Publisher ID: #91

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