Samsung Heavy Industries Wins KRW 444.5 Billion Order for Two Container Carriers

Cumulative Merchant Ship Orders Reach USD 6.1 Billion, Achieving 107% of Target
Total Orders Including Offshore Segment Reach USD 10.5 Billion
76% of Annual Target of USD 13.9 Billion Secured

Samsung Heavy Industries has secured an order for two container carriers from a shipping company in Africa, valued at KRW 444.5 billion.

Container carrier built by Samsung Heavy Industries. Samsung Heavy Industries

On August 31, Samsung Heavy Industries announced that the contract had been signed. The vessels are scheduled for delivery by December 2028.

Including this contract, Samsung Heavy Industries' cumulative merchant ship orders for the year amount to 36 vessels, totaling USD 6.1 billion. The company has achieved 107% of its annual target for merchant ship orders, which was set at USD 5.7 billion.

By vessel type, the company has secured orders for 14 liquefied natural gas (LNG) carriers, 2 ethane carriers, 4 gas carriers, 4 container carriers, and 12 crude oil tankers. The order volume for LNG carriers includes one floating LNG storage and regasification unit (LNG-FSRU).

The company's total cumulative orders for the year, including two floating LNG production units (FLNG) in the offshore segment, stand at USD 10.5 billion. This represents 76% of its annual order target of USD 13.9 billion.

Having already exceeded its merchant ship segment target, Samsung Heavy Industries plans to focus on selectively pursuing orders with an emphasis on profitability moving forward.

A Samsung Heavy Industries official stated, "Driven by demand for eco-friendly vessel replacements, container carrier orders are being placed mainly for vessels in the 8,000 to 13,000 TEU range. Since we have surpassed our annual merchant ship order target, our focus will be on selective order-taking with an emphasis on profitability."

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