Seapeak returns to Samsung for pair of LNG carriers
Gas shipowner and operator Seapeak has placed an order for two LNG carrier newbuildings at Samsung Heavy Industries (SHI), with the vessels tied to long-term employment.The South Korean yard said the ships will be delivered by September 2028, with a combined contract value of about $499m.The latest order further deepens the long-running relationship between the owner and the Korean shipbuilder.Seapeak, controlled by infrastructure investor Stonepeak, already has five 174,000 cu m LNG carriers on order at SHI, scheduled for delivery in 2027. The newbuilds are backed by 10-year time charters with an unnamed international energy major, with extension options.For Samsung Heavy Industries, the contract adds to a busy 2025. With this signing, SHI has secured 43 new vessels worth around $7.9bn, reaching just over 80% of its $9.8bn order target for the year. The tally includes 11 LNG carriers.Formerly known as Teekay LNG Partners, Seapeak operates a fleet of more than 90 vessels, including around 50 LNG carriers when newbuildings are counted, alongside LPG, ethane and multigas carriers.