Samsung Heavy Industries announced on the 30th that it has signed a contract to supply two large gas carriers from a shipowner based in Bermuda. The value of this contract is estimated at 307.4 billion won (approximately 221 million dollars).
Contract Details and Vessel Delivery
The large gas carriers are scheduled to be delivered to the customer by February 2030. This contract is another example of Samsung Heavy's successes in the commercial shipbuilding sector, which has been driven by global energy needs and market conditions.
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Samsung Heavy's Commercial Performance This Year
In the second half of this year, Samsung Heavy Industries has secured contracts for 16 vessels, while it signed 28 contracts in the first half. The company has received a total of 44 vessels worth 7.5 billion dollars (approximately 10.15 trillion won) this year, which is equivalent to 132 percent of the annual target of 5.7 billion dollars (approximately 7.7 trillion won).
Among the types of vessels, LNG carriers with 18 units, including a floating storage and regasification unit, make up the largest category. There are also 14 crude oil tankers, 6 gas carriers, 4 container ships, and 2 ethylene carriers in these orders.
Orders in the Maritime Sector
In the maritime sector, the company has successfully contracted for two floating LNG production facilities worth 4.4 billion dollars (approximately 5.954 trillion won), which is equivalent to 54 percent of the annual target of 8.2 billion dollars (approximately 11.0987 trillion won).
The total shipbuilding and maritime orders have reached 46 vessels worth 11.9 billion dollars (approximately 16.1137 trillion won), which is equivalent to 86 percent of the company's annual target of 13.9 billion dollars (approximately 18.8219 trillion won).
An official at Samsung Heavy Industries stated, "Customer needs for shipbuilding are becoming more diverse as global energy market conditions change and the industry moves towards environmentally friendly vessels." He added, "We will actively respond to customer needs and leverage our construction experience in various types of vessels and competitiveness in environmentally friendly technologies."
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