Banking giant JP Morgan is being linked to an order for 12 LNG carrier newbuildings announced on Wednesday by Samsung Heavy Industries.

The South Korean shipyard said it has secured orders for a total of 14 LNG carriers worth KRW 3.9trn ($3bn) from two companies — one from Bermuda and the other from Africa.

SHI did not name the owners involved but said the African shipping company has booked two vessels and the remaining 12 LNG carriers were placed by the unnamed Bermuda owner.