Samsung Heavy wins $200 mil. deal for 2 crude oil carriers from N. America

A crude oil carrier built by the company / Courtesy of Samsung Heavy Industries

Samsung Heavy Industries said Friday it has won an order worth 290.1 billion won ($199.4 million) to build two crude oil carriers for a client in North America.

Under the deal, the vessels will be sequentially delivered to the undisclosed client by January 2029, the company said. With the latest deal, Samsung Heavy has achieved 83 percent of its $5.8 billion annual order target for commercial ships.

So far this year, Samsung Heavy has won contracts for 32 vessels, including seven liquefied natural gas (LNG) carriers, nine shuttle tankers and 11 crude oil carriers.

"Replacement demand for aging crude carriers is expected to continue," a company official said. "We will flexibly respond to changing market conditions through a cooperative production system with domestic and overseas shipyards."