Greek market sources have identified George Procopiou's Dynagas as the previously unnamed Oceania-based owner behind a four-vessel LNG carrier order at Samsung Heavy Industries, valued at approximately KRW1.41trn ($1.05bn). Samsung Heavy announced the contract on Monday, covering four 200,000 cu m LNG carriers scheduled for delivery by September 2029. The vessels are notably larger than the 174,000 cu m design that dominates the current LNG carrier fleet. The order marks a shift in shipyard for Dynagas' large-scale LNG newbuilding programme, which has previously centred on HD Hyundai Heavy Industries. Earlier 200,000 cu m newbuildings included five vessels owned by Procopiou-controlled Pure Energy, which were part of a $1.1bn sale-and-leaseback financing arrangement with CMB Financial Leasing in 2024. The deal comes amid a wider ordering spree by Procopiou-linked companies. Dynacom recently returned to Hengli Heavy Industries for eight additional ships, reportedly comprising six 93,000 cu m very large ammonia carriers and two VLCCs worth close to $1bn. Greek reports estimate that Procopiou has committed to roughly 20 newbuildings across multiple vessel classes within about 10 days, representing close to $3bn in investment. Samsung Heavy paired the LNG announcement with orders for two crude oil tankers, bringing its latest commercial haul to KRW1.65trn ($1.22bn). The yard's 2026 commercial order intake has reached $7.3bn across 42 vessels, surpassing both its $5.7bn annual target and last year's full-year total.