K Line and JP Morgan Add LNG and VLGC Newbuildings at Samsung Heavy

· Shipping · South Korea · Japan

Japan's K Line has been linked to two LNG carrier newbuildings at Samsung Heavy Industries worth KRW672.2bn ($494m), with delivery scheduled by end-May 2029. Separately, JP Morgan added two VLGC newbuildings at the same yard, taking its 88,000 cu m programme there to six ships. The orders extend a strong run of gas-carrier contracting at Korean yards.

Why it matters：Continued gas-carrier ordering at Korean yards reflects expectations of long-term LNG and LPG trade growth, tying up shipyard capacity and shaping future fleet supply for charterers and traders.

Key points

  • Samsung disclosed an order from an unnamed Asian shipowner for two LNG carriers.
  • K Line has been linked to that order by shipbuilding sources.
  • JP Morgan's VLGCs are booked against its Bermuda-based Global Meridian Holdings platform.

Sources (original reporting)

More stories from this day