Monday, October 15, 2012

LNGC equip orders jump

LNGC equip orders jump

Korean marine equipment makers are celebrating order surge due to domestic builders' active orders for new LNG-related unit/vessel, such as LNG-FPSO, LNG carrier, LNG-FSRU, etc.

Finetec made a regulatory filing yesterday that it signed about KRW 49.75bn ($44.54m) of contract with Samsung Heavy Industries to supply insulation panel for LNG-FPSO and LNG carrier on October 10.

The total amount of contract accounts for 28.01% of recent turnover and the contract is to be completed by May 10 2014.

Also, Hankuk Carbon revealed on October 10 that it inked and order to supply insulation panel for two LNG carriers with Hyundai Heavy Industries, slated for delivery by September 2013.

The contract values around KRW 25.96bn ($23.38m), which accounts for 24.07% of total revenue marked in 2011.



Published : October 12, 2012


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