Two shipbuilders in South Korea have finally signed with four shipowners for a total of 17 LNG carriers worth more than $3bn that will be assigned to the Total-led Mozambique LNG project.

But the contracts have conditions attached.

From 18 December into 22 December, two shipowners have contracted a total of nine newbuildings at Hyundai Samho Heavy Industries.

The vessels are understood to be for the accounts of Japanese shipping giants Mitsui OSK Lines and K Line.