On July 2, Samsung Heavy Industries announced that it signed a contract worth 273.4 billion won (approximately $2.7 billion) for the construction of the two oil tankers, which are scheduled for delivery by June 2029.
With this contract, Samsung Heavy Industries' cumulative order intake for the year now totals 30 vessels in the commercial ship sector and two floating liquefied natural gas (FLNG) facilities, amounting to a total of $9.8 billion. This represents 71% of its annual order target of $13.9 billion.
In the commercial ship sector, the company has secured a total of 30 vessels, including 14 liquefied natural gas (LNG) carriers (one LNG-FSRU), two ethane carriers (VLEC), four gas carriers (VLGC), two container ships, and eight oil tankers. In monetary terms, this amounts to $5.4 billion, achieving 95% of its commercial ship order target of $5.7 billion. In the offshore sector, it has secured two FLNG facilities worth $4.4 billion, reaching 54% of its target of $8.2 billion.
A Samsung Heavy Industries official stated, "The demand for oil tankers continues due to the diversification of shipping routes and the need to replace aging vessels. We will respond flexibly to market demand through global operations and, with the commercial ship order target within reach, we will focus more on selective orders centered on profitability."
Meanwhile, Samsung Heavy Industries continues its global order momentum, having finalized a contract last month with an African shipowner for a large FLNG facility worth 3.6536 trillion won.
* This article has been translated by AI.
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