Samsung Heavy Wins $351 Million Order for Two Container Ships

A container ship fitted with Samsung Heavy Industries' Saver Wind Cap. [Photo provided by Samsung Heavy Industries]

Samsung Heavy Industries said in a regulatory filing Tuesday that it has won an order worth 468.6 billion won (US$351 million) from an Africa-based shipping company to build two container ships. The vessels are scheduled to be delivered in stages by May 2028.

With the deal, Samsung Heavy said its year-to-date orders total seven ships worth $1.2 billion, meeting 9% of its annual target of $13.9 billion. By type, the orders include two liquefied natural gas carriers, two ethane carriers, two container ships and one crude oil tanker.

A company official said replacement demand is expected to remain steady for 8,000- to 13,000-TEU container ships, where aging vessels make up a large share. The official said Samsung Heavy will focus on profitability-driven orders backed by its eco-friendly technology competitiveness.

* This article has been translated by AI.

Lee nakyeong nakk@ajunews.com