Samsung Heavy Industries Secures Order for Two LNG Carriers in Oceania Worth 743 Billion KRW

Annual Shipbuilding Order Target Surpassed This Year

Samsung Heavy Industries has secured an order for two liquefied natural gas (LNG) carriers from a shipowner in the Oceania region. With this order, Samsung Heavy Industries has surpassed its annual order target in the shipbuilding sector this year.

On December 23, Samsung Heavy Industries announced that it had signed a contract worth 743 billion KRW for two LNG carriers with a shipowner in the Oceania region. The vessels are scheduled to be delivered sequentially to the client by March 2029.

A liquefied natural gas (LNG) carrier built by Samsung Heavy Industries in the past. Samsung Heavy Industries

Including this contract, Samsung Heavy Industries’ cumulative order volume for the year, combining shipbuilding and offshore production facilities, has reached a total of 7.4 billion USD (approximately 10.98 trillion KRW). The orders comprise nine LNG carriers, nine shuttle tankers, nine container carriers, two ethane carriers, eleven crude oil carriers, and one preliminary contract for offshore production facilities. In the offshore production facility segment, the company is pursuing a new contract for one unit, following the subsequent procedures for the preliminary contract.

Of this total, the shipbuilding sector alone accounts for 6.6 billion USD, surpassing the annual target of 5.8 billion USD. As of this date, Samsung Heavy Industries’ cumulative order backlog stands at 132 vessels, worth 28.3 billion USD.

A representative from Samsung Heavy Industries stated, “Based on our sufficient order backlog, we are continuing to pursue a profitability-focused order strategy,” adding, “We will continue to respond in line with market changes.”