Samsung Heavy Industries Wins Order for Two Crude Oil Tankers, Achieves Commercial Ship Target Ahead of Schedule

Achieves 102% of Commercial Ship Order Target with $5.8 Billion
Order Momentum Continues for LNG and Crude Oil Tankers

Samsung Heavy Industries has secured an additional order for two crude oil tankers, allowing the company to achieve its annual order target for the commercial ship sector ahead of schedule this year.

S-MAX crude oil carrier built by Samsung Heavy Industries. Samsung Heavy Industries

On August 3, Samsung Heavy Industries announced that it had received an order for two crude oil tankers worth 268 billion won from a shipping company in Europe. The vessels are scheduled to be delivered by August 2029.

As of now, Samsung Heavy Industries' cumulative order volume in the commercial ship sector for this year stands at 34 vessels totaling 5.8 billion dollars, reaching 102% of its annual order target of 5.7 billion dollars. By ship type, this includes 14 liquefied natural gas (LNG) carriers (including one LNG Floating Storage Regasification Unit, LNG-FSRU), two ethane carriers, four gas carriers, two container ships, and 12 crude oil tankers.

The total cumulative order volume for this year, including two floating liquefied natural gas (FLNG) production facilities in the offshore sector, has reached 10.2 billion dollars. This represents 73% of the annual order target of 13.9 billion dollars.

A representative from Samsung Heavy Industries stated, "Amid ongoing orders mainly for LNG carriers and crude oil tankers, our commercial ship sector has achieved its annual order guidance early and continues to progress smoothly. Going forward, we plan to focus even more on selective orders that prioritize profitability and respond flexibly to changes in demand through global operations and other measures."

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