[Featured Stock] Samsung Heavy Industries Wins 3 Trillion KRW LNG Carrier Order... Up 4%

[Asia Economy Reporter Minji Lee] Samsung Heavy Industries is showing an increase of over 3%. This follows news of the largest shipbuilding contract ever signed in the domestic shipbuilding industry.

At 10:24 AM on the 22nd, Samsung Heavy Industries was trading at 6,170 KRW, up 4% from the previous trading day. Although the overall domestic stock market showed weakness, the price rose to as high as 6,230 KRW during the session.

Samsung Heavy Industries announced that it had secured an order for 12 liquefied natural gas (LNG) carriers worth 3.3 trillion KRW from a Bermuda-based shipowner on the same day. Additionally, it secured an extra order for 2 LNG carriers worth 550 billion KRW from an African shipowner, achieving a total order value of 3.9 trillion KRW in one day. This amount corresponds to 59% of Samsung Heavy Industries' total sales last year.