Samsung Heavy Industries Secures Additional LNG Carrier Order... Achieves 91% of Merchant Ship Target

385.5 Billion Won Contract Signed with Oceania Shipping Company
Cumulative Orders Reach 8.5 Billion Dollars, 61% of Annual Target
Merchant Ship Orders Total 5.2 Billion Dollars, 91% of Annual Goal

Samsung Heavy Industries continues to experience strong order momentum across the LNG value chain, having secured contracts not only for floating liquefied natural gas production facilities (FLNG) but now also for LNG carriers.

LNG carrier built by Samsung Heavy Industries. Samsung Heavy Industries

Samsung Heavy Industries announced on June 8 that it has signed a contract with a shipping company in the Oceania region to build one LNG carrier. The contract is valued at 385.5 billion won.

With this latest deal, Samsung Heavy Industries' cumulative orders for the year have risen to a total of 29 vessels, including 28 merchant ships and 1 FLNG facility, amounting to 8.5 billion dollars. This represents 61% of its annual order target of 13.9 billion dollars.

In particular, cumulative orders in the merchant ship sector have reached 5.2 billion dollars, achieving 91% of the annual target of 5.7 billion dollars, thereby increasing the likelihood of meeting this goal within the first half of the year.

The vessel types ordered to date include 14 LNG carriers (including 1 LNG-FSRU), 2 Very Large Ethane Carriers (VLEC), 4 Very Large Gas Carriers (VLGC), 2 container ships, 6 crude oil tankers, and 1 FLNG facility.

A representative from Samsung Heavy Industries stated, "Our differentiated competitiveness in the LNG sector is translating into consecutive order wins," adding, "We will continue our selective order strategy focused on high value-added vessels, and we are also thoroughly preparing for multiple FLNG projects currently under negotiation."

This content was produced with the assistance of AI translation services.