Seapeak grows LNG orderbook with $756m Samsung Heavy trio

Seapeak has significantly bolstered its LNG carrier orderbook by securing a $756 million contract for three 174,000 cu m vessels with Samsung Heavy Industries in South Korea. Finalized in May, these newbuildings represent a strategic expansion for the gas shipowner, which has already secured long-term employment charters for the trio. This investment highlights the growing global demand for liquefied natural gas transport and reinforces Seapeak’s commitment to modernizing its fleet with high-capacity, efficient tonnage for international energy trade.

These new LNG carriers must adhere to the stringent requirements of the International Code for the Construction and Equipment of Ships carrying Liquefied Gases in Bulk, known as the IGC Code. Compliance with SOLAS Chapter II-2 regarding fire protection and MARPOL Annex VI regulations for emission controls remains critical for these modern builds. Classification societies will enforce rigorous structural and safety standards during the construction phase at Samsung Heavy Industries, ensuring that all operational systems meet the latest environmental mandates and safety protocols required for global gas trade.

This fleet expansion creates significant career opportunities for masters, chief engineers, and second engineers specializing in LNG operations. Experienced officers must prioritize familiarization with the latest dual-fuel propulsion systems and advanced cargo containment monitoring technologies integrated into these new vessels. Candidates should ensure their certifications for gas tanker operations are current and reflect the specialized training required to manage high-pressure cargo handling systems, as these roles demand strict adherence to updated safety and technical operational standards.