Economou bolsters gas shipping unit with Samsung Heavy newbuilds

AI Summary

TMS Cardiff Gas has ordered two new LNG carriers from Samsung Heavy Industries, as part of a broader fleet expansion strategy. The newbuilds are valued at approximately $505.6 million, emphasizing the continued growth in the gas shipping sector.

George Economou-controlled TMS Cardiff Gas has returned to South Korea for another LNG carrier order, booking two newbuildings at Samsung Heavy Industries as the Greek owner continues one of the sector’s busiest fleet expansion drives. The yard disclosed a contract worth KRW 750.5bn ($505.6m) for two LNG carriers, putting the price at about $252m per …