A review on LNG projects in 2023

In 2023, SMC has made remarkable achievements in the gas carriers sector, with successful delivery of 6 x 174k LNG carriers in Korean shipyards. At present, we have over 40+ on-going gas vessels under supervision (including LNG carriers, LPG carriers, LNG bunkering vessels, FSRUs). The projects are executed in shipyards in South Korea, China and Turkey. In the fourth quarter of this year, we were awarded plan approval and construction supervision agreement by the Chinese shipowner, with vessels construction in China.

Besides, in 2023, we have delivered 10 non-LNG carriers equipped with LNG dual-fuel propulsion system, with another 9 vessels ongoing projects. Vessel’s type includes PCTCs, ro-pax, and product tankers.