Samsung Heavy lands $1.32 billion order for 7 container ships

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Samsung Heavy lands $1.32 billion order for 7 container ships
Container ship built by Samsung Heavy IndustriesA container ship built by Samsung Heavy Industries/ Courtesy of Samsung Heavy Industries


SEOUL, November 20 (AJP) - Samsung Heavy Industries announced on Thursday that it has secured a 1.92 trillion won (approximately $1.32 billion) order from an Asian shipowner to build seven container ships, scheduled for delivery by November 2029.

Amid growing demand for greener vessels — especially LNG dual-fuel ships — this contract brings Samsung Heavy’s total orders this year to $6.9 billion. The order book includes seven LNG carriers, nine shuttle tankers, nine container ships, two ethane carriers, 11 crude oil carriers, and one offshore production facility.

Samsung Heavy now boasts a robust backlog of 132 vessels valued at $28.2 billion, ensuring a stable pipeline of work. A company spokesperson said: “We are securing high-quality, stable work in the merchant ship sector, focusing on profitability. Completing the planned FLNG project contract this year will help us achieve our order target.”

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.


Lee Nak-yeong 기자 nakk@ajunews.com

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