South Korean shipowner H-Line Shipping has ordered a second LNG carrier at compatriot shipyard Hyundai Samho Heavy Industries.

The deal for the 174,000-cbm vessel was signed on Friday, the shipbuilder.

The previous ship of the same size was contracted in September.

It later emerged that it had been ordered on the back of a long-term charter to Vitol, the Dutch trading company.

The ship, with XDF propulsion, had been fixed for 10 years, at a rate in the low $60,000-per-day range.

Vitol and H-Line confirmed that deal.

Vitol said at the time that it also holds "extension options and the ability to exercise additional LNG carriers to support its further growth in the LNG industry through this partnership with H-line".

The cost of the first vessel, due for delivery in December 2021, was put at KRW 228bn ($191m).

H-Line has four LNG carriers in its bulker-dominated fleet of 35 ships, plus nine bulkers on order.

VesselsValue estimates that its 10 ships on order, which doesn't include the latest LNG carrier, is worth about $705m. That brings its total value of its pro forma fleet to $1.79bn, not including a VLCC recently purchased from Hartree Partners that is valued at $100m.

For Hyundai Samho, which is part of the Hyundai Heavy Industries group, the latest H-Line LNG carrier order puts adds to an orderbook of 65 vessels totalling more than 10.9m dwt and worth $7.32bn, according to data from VesselsValue and Clarksons.

Eric Martin contributed to this story