Conrad Shipyard and Samsung Heavy in MOU on LNG bunkering projects.

Johnny Conrad, executive chairman, Conrad Shipyard (L):. “This MOU ... positions both organizations to develop advanced LNG bunkering vessels tailored to meet market demand.”

Morgan City, La.-headquartered Conrad Shipyard, LLC, which back in 2018 delivered the first LNG bunkering barge built in North America, has sigmed a Memorandum of Understanding (MOU) with South Korea’s Samsung Heavy Industries that will see the two companies jointly explore opportunities in the rapidly expanding U.S. LNG bunkeri ngmarket.

Under the MOU, Conrad and SHI will work together to evaluate and pursue technical, commercial, and market-based initiatives that support the design, construction, and deployment of vessels tailored for U.S. regulatory and operational requirements. The MOU is intended to combine SHI’s global expertise in advanced LNG technologies with Conrad’s proven LNG shipbuilding capabilities and domestic market access.

A representative of SHI stated, “Through this collaboration, we expect to enter the U.S. LNG bunkering market while also contributing to the revitalization of the U.S. shipbuilding industry.”

“We are honored to collaborate with Samsung Heavy Industries,” said Johnny Conrad, executive chairman, Conrad Shipyard. “This MOU reflects Conrad’s focus on driving innovation in the U.S. maritime sector and positions both organizations to develop advanced LNG bunkering vessels tailored to meet market demand.”

Conrad’s extensive experience navigating regulatory requirements associated with bunkering vessel design, engineering, and construction will be combined with SHI’s state-of-the-art LNG technology to greatly enhance opportunities in the U.S. LNG market.