QatarEnergy’s fleet
expansion scheme proceeds apace with a contract signed today 6 Feb for 15 LNG
carriers with Samsung Heavy Industries, the Korean yard with the world’s
largest gas ship orderbook.
The contract, worth $3.44bn, will see all ships
deliver by October 2028.
In October, HD Hyundai Heavy Industries confirmed a record-breaking $3.9bn deal to build
17 LNG carriers for QatarEnergy, while Hanwha Ocean, the other of Korea’s big
three yards, is expected to conclude its own deal with QatarEnergy shortly.
LNG ship contracting
at yards in Korea and China has been at record levels over the past three years
and are showing up heavily in delivery schedules this year.
Data from Clarksons Research shows 89 LNG ships –
with a combined 14.9 cu m capacity – are due to deliver this year, more than double the 10-year average,
representing a 48% increase on the current record of 10.1m cu m delivered three
years ago.
“With c.90% of vessels
on order already committed to projects, although project slippage is always a
risk, expectations remain for record start -ups and rapid trade growth across
2025-27 to absorb strong deliveries as
the sector enters a major phase of expansion,” Clarksons noted in its most
recent weekly report