Samsung Heavy wins 331.3 billion-won order for 1 LNG carrier


Seoul, Nov. 30 (BNA): South Korea’s Samsung Heavy Industries said on Wednesday that it has secured an order worth 331.3 billion won ($250 million) to build an LNG carrier for a shipper from Oceania.

Samsung Heavy said in a regulatory filing that it will deliver the vessel to the undisclosed shipping company by December 2025, Yonhap reported.

Samsung Heavy has secured orders to build 36 LNG carriers this year, or 73 percent of its total orders and the largest annual record for LNG vessel orders.

The shipbuilder has taken orders worth $9.4 billion so far this year, or 107 percent of its $8.8 billion annual order target.

It is the second year in a row that the shipyard has exceeded its annual order target. Last year, Samsung Heavy took $12.2 billion in orders, or 134% of its goal for the full year.

Samsung Heavy, the world’s third largest shipbuilder by order backlog, is the shipbuilding arm of South Korea’s family-controlled Samsung Group, of which Samsung Electronics Co.

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