SEOUL, July 8 (AJP) - Samsung Heavy Industries has secured an order for two additional crude oil tankers, bringing its cumulative orders this year above US$10 billion, the shipbuilder said on Wednesday.
The order, placed by a Bermuda-based shipowner, is worth about 284.9 billion won and is scheduled for delivery by May 2029, according to the shipbuilder.
With the latest deal, Samsung Heavy Industries' cumulative orders for this year reached $10 billion, including 32 merchant ships and two floating liquefied natural gas (FLNG) units, achieving 72 percent of its annual target of $13.9 billion.
It is the first time in five years that its annual orders have topped $10 billion, after a surge in global merchant-ship orders in 2021.
Samsung Heavy Industries attributed the rebound to strong orders in both its shipbuilding and offshore businesses, as it has continued to secure orders for high-value vessels, including LNG carriers, floating storage and regasification units (FSRUs) and crude oil tankers.
In offshore, FLNG projects led the recovery as it secured the first FLNG for the U.S.' Delfin LNG project and a separate FLNG main contract in Africa last month.
The shipbuilder said it has won orders for seven of the world's 11 FLNG units ordered so far this year including Shell's Prelude, the world's largest FLNG.
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