LNG carrier market struggles to keep up with liquefaction capacity buildout

Ho Chi Minh - A typical modern LNG ship is approximately 300 meters long, 43 meters wide and has a draft of about 12 meters, according to The International Group of Liquified Natural Gas Exporters (GIIGNL)

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Ho Chi Minh - Samsung Heavy Industries (SHI), one of the world’s largest shipbuilders, said Thursday it has secured orders worth $405 million for two 174,000 cubic meter (m3) liquefied natural gas (LNG) carriers from Malaysian-based shipping firm MISC Berhad. The LNG carriers will be used by oil major ExxonMobil Corp. to transport its global LNG production, SHI said. The vessels are mated with a re-liquefaction system and its latest smart ship solutions. The ships are slated to be delivered by March 2023. SHI and Russia’s Zvezda Shipyard signed a contract last month to build icebreaking LNG carriers for the Novatek-led Arctic LNG 2 project. SHI will assist Zvezda with construction of the carriers and provide technological support.

In December 2017, the world’s first ice-breaking LNG carrier, Christophe de Margerie, was successfully loaded from the Yamal LNG project located at Sabetta on the Yamal Peninsula in Northern Russia.

A typical modern LNG ship is approximately 975 feet (300 meters) long, 140 feet (43 meters) wide and has a draft of about 39 feet (12 meters), according to The International Group of Liquified Natural Gas Exporters (GIIGNL).

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