Samsung Heavy Industries Secures Package Order for Five LNG Carriers, VLGCs, and Oil Tankers Worth 1.0018 Trillion Won

Cumulative Order Intake Reaches 27 Vessels and $5.4 Billion This Year

On May 27, Samsung Heavy Industries announced that it had secured an order worth 1.0018 trillion won from a shipping company based in Bermuda for a total of five vessels: one liquefied natural gas (LNG) carrier, two very large gas carriers (VLGCs), and two crude oil tankers.

LNG carrier built by Samsung Heavy Industries. Photo by Samsung Heavy Industries

This contract marks a case in which three different types of ships were ordered as a package deal simultaneously, reflecting Samsung Heavy Industries' extensive capabilities in building a variety of vessel types.

As a result, Samsung Heavy Industries' cumulative order intake for this year has increased to a total of 27 vessels, amounting to 5.4 billion dollars. By vessel type, the tally includes 13 LNG carriers (including 1 LNG-FSRU), 2 ethane carriers, 4 gas carriers, 2 container carriers, and 6 crude oil tankers.

A representative from Samsung Heavy Industries commented, "It is unusual for a shipowner to place simultaneous orders for multiple different vessel types with a single shipbuilder. This achievement once again demonstrates Samsung Heavy Industries' comprehensive shipbuilding capabilities and the trust of our customers, which are not limited to a specific vessel type," adding, "We will continue to strengthen our competitiveness by enhancing profitability through high value-added vessel types and maximizing production stability and efficiency through standardized vessel types."

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