Hyundai Heavy Wins 4 LNG Carrier Orders from Malaysia’s Petronas

Hyundai Heavy Industries (HHI) said on October 11 that it has signed a deal with Malaysian state-run oil company Petronas to build four 150,000 cubic meter liquefied natural gas (LNG) carriers worth US$850 million. 

The LNG ships to be built by HHI will have the dimensions of 290 meters in length, 48.9 meters in width, and 24 meters in height. A single ship has a capacity to hold LNG equivalent to one day’s consumption of the whole Korean peninsula. 

With the deal with Petronas, HHI’s accumulated bookings have totaled US$20.7 billion in its shipbuilding and offshore plant business, including Hyundai-Samho Heavy Industries. 

HHI’s sales have already reached 87 percent of its annual target booking of US$23.8 billion.