Samsung Heavy Industries has secured contracts for six vessels worth a total of 1.6476 trillion won ($1.2 billion).
According to industry sources on September 14, Samsung Heavy Industries signed contracts with a shipowner in the Oceania region for four large liquefied natural gas (LNG) carriers at $1 billion, and two oil tankers for $200 million, bringing the total to six vessels valued at $1.2 billion.
Clarkson Research, a UK-based maritime market analysis firm, reported that global new ship orders in the first half of this year increased by 66% compared to the same period last year, measured in compensated gross tonnage (CGT). This surge is attributed to efforts to diversify supply chains for stable energy procurement and geopolitical tensions in the Middle East.
In this context, Samsung Heavy Industries is increasing its orders in the LNG carrier market, having secured a total of 18 vessels this year. Notably, the four large LNG carriers ordered this time are 200,000 cubic meters in capacity, larger than the standard model of 174,000 cubic meters, which allows for fewer voyages while maintaining the same cargo volume, thereby enhancing operational efficiency per transport unit.
A Samsung Heavy Industries official stated, "This order for large LNG carriers is a proactive response to the shipowner's long-distance transport needs. We will continue to focus on selective orders that meet customer needs and convenience while prioritizing profitability."
In the commercial ship sector, Samsung Heavy Industries has secured $7.3 billion in orders this year, exceeding its annual target of $5.7 billion by 28%. This includes 18 LNG carriers among a total of 42 vessels ordered. In the offshore sector, the company has secured two floating LNG (FLNG) units worth $4.4 billion. The combined order performance for shipbuilding and offshore projects stands at $11.7 billion, achieving 84% of its annual target of $13.9 billion.
* This article has been translated by AI.
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