Samsung Heavy Industries Secures $750.5 Million Contract for Two LNG Carriers

By Lee nakyeong Posted : May 14, 2026, 12:55 Updated : May 14, 2026, 12:55
LNG carrier built by Samsung Heavy Industries [Photo: Samsung Heavy Industries]
Samsung Heavy Industries announced on May 14 that it has secured a contract worth 750.5 billion won ($750.5 million) for two liquefied natural gas (LNG) carriers from a shipping company in the Oceania region. This order, along with the LNG-FSRU contract disclosed on May 4, underscores Samsung Heavy Industries' commitment to strengthening its competitiveness in the LNG value chain lineup.
Since the beginning of this year, Samsung Heavy Industries has been on a robust order streak, driven by a selective order strategy focused on eco-friendly and high-value vessels. This has heightened expectations for achieving its annual order target.
To date, Samsung Heavy Industries has secured a total of 19 vessels, including nine LNG carriers (one LNG-FSRU), two ethane carriers, two gas carriers, two container ships, and four oil tankers, amounting to $3.9 billion. This figure represents approximately 68.4% of its annual target of $5.7 billion for new ship orders, achieving more than two-thirds of its goal before the first half of the year concludes.


Industry experts believe that the recent supercycle in shipbuilding is likely to sustain the trend of LNG-focused orders for the foreseeable future. Consequently, there are optimistic projections for additional orders for Samsung Heavy Industries in the second half of the year.  

In particular, the growing demand for eco-friendly vessels globally has renewed interest in LNG-related ship types. As the proportion of high-value vessels increases and stable workloads continue, expectations for improved profitability are also rising.
A representative from Samsung Heavy Industries stated, "With the recent orders for LNG carriers following the LNG-FSRU, the momentum in LNG vessel orders is gaining strength. We will continue to pursue selective orders focused on profitability across all areas of the LNG value chain to maintain this upward trend in orders."



* This article has been translated by AI.

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