# Zhejiang Satellite Petrochemical orders four VLECs from Hyundai and Samsung

Zhejiang Satellite Petrochemical signed shipbuilding contracts with Hyundai Heavy Industries and Samsung Heavy Industries for four Very Large Ethane Carriers worth $441 million, with delivery starting in Q2 2022.

- Type: Contract
- Announced: 2020-08-26
- Value: $441.0M
- Status: announced
- Products: Very Large Ethane Carriers

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (supplier)
- [Samsung Heavy Industries](https://endata.com/companies/1440.md) (supplier)
- [Zhejiang Satellite Petrochemical](https://endata.com/companies/49506.md) (customer)

## Sources

- [offshore-energy.biz](https://www.offshore-energy.biz/2020/08/26/zhejiang-satellite-petrochemical-splashes-414-million-on-vlec-quartet), 2020-08-26: "Zhejiang Satellite Petrochemical (STL) has signed shipbuilding contracts with South Korean shipbuilding majors Hyundai Heavy Industries and Samsung Heavy Industries for the construction of four Very Large Ethane Carriers (VLECs) worth a total of $441 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.