[Market Focus] Samsung Heavy Industries Surges Over 5% on Container Ship Order

Samsung Heavy Industries is showing strong performance following news of its first container ship order this year.

As of 9:55 a.m. on April 28, Samsung Heavy Industries was trading at 15,600 won on the Korea Exchange, up 880 won (5.98%) from the previous session. The stock has been rising for five consecutive days.

On this day, Samsung Heavy Industries announced that it had signed a contract with a shipowner in Asia to build two container carriers for 561.9 billion won. This marks the company's first container carrier order of the year.

So far this year, Samsung Heavy Industries has secured orders for a total of 18 vessels: one LNG carrier, nine shuttle tankers, two ethane carriers, four oil tankers, and two container ships. The total value of these orders is 2.6 billion dollars (approximately 3.7336 trillion won). This represents 27% of the company's annual target of 9.8 billion dollars for 2025.