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Samsung Heavy wins $1 bil. order for 4 LNG carriers

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  • Published Jul 1, 2024 2:25 pm KST
  • Updated Jul 1, 2024 4:51 pm KST
A Samsung Heavy Industries ship is seen in this photo provided by Samsung Heavy Industries, June 5. Yonhap

A Samsung Heavy Industries ship is seen in this photo provided by Samsung Heavy Industries, June 5. Yonhap

Korean shipbuilder Samsung Heavy Industries said Monday it has won a 1.4 trillion-won ($1 billion) order to build four liquefied natural gas (LNG) carriers for a Middle Eastern shipper.

The vessels will be delivered to the undisclosed shipping company by August 2028, Samsung Heavy Industries said in a regulatory filing.

So far this year, the shipbuilder has clinched orders worth $4.9 billion to build 22 ships, or 51 percent of its 2024 target of $9.7 billion.

The ships include 19 LNG carriers, two very large ammonia carriers and one shuttle tanker.

Samsung Heavy Industries is the shipbuilding arm of Korea's top family-controlled conglomerate, Samsung Group, whose marquee unit is Samsung Electronics. (Yonhap)