Samsung Heavy Industries Co. announced a 4.9% increase in its second-quarter net profit, reaching 222.8 billion won, driven by higher-margin vessels like LNG carriers and enhanced productivity. Operating profit surged 58.7%, and sales rose 20.4%. The company plans to integrate digital, AI, and robotics technologies for future growth.
Samsung Heavy Industries and U.S. firm Sargent & Lundy signed an MOU to jointly develop standardized floating small modular reactors (FSMRs), combining their expertise to offer versatile reactor technologies to global customers.
Samsung Heavy Industries secured a $188.5 million order for two oil tankers from a Bermuda-based owner, pushing its annual orders past $10 billion for the first time in five years. The vessels are slated for delivery by May 2029.
A South Korean consortium, 'Team Korea,' has secured a $2.8 billion contract to build the first floating liquefied natural gas (FLNG) facility off the coast of Louisiana, USA. Samsung Heavy Industries will independently handle the entire EPC process for the hybrid FLNG, set for delivery in July 2030.
Wizit announces a 4 billion KRW third-party allocation capital increase. NH Investment & Securities plans a 400 billion KRW capital increase via third-party allocation to NongHyup Financial Holdings. Samsung Heavy Industries secured a 4.3 trillion KRW LNG production facility order in North America.
Samsung Heavy Industries has secured a 4.33 trillion-won (US$2.85 billion) contract with an undisclosed North American client to build a floating liquefied natural gas (FLNG) facility, scheduled for delivery by July 2030. This brings their total contract value to $8.3 billion for 28 ships this year.
Samsung Heavy Industries announced a 1.12 trillion won ($744.4 million) contract to build three LNG carriers for an undisclosed client in Oceania. The deal reflects growing demand for energy security and supply chain diversification amid geopolitical uncertainties.
Samsung Heavy Industries secures a $504M deal to build 2 LNG carriers for an unnamed Oceania client, with delivery by June 2029, bringing its 2023 shipbuilding contracts to $3.9B for 19 ships.
Samsung Heavy Industries has secured a 485 billion won ($329 million) contract to build a 170,000-metric-ton LNG floating storage regasification unit for an unidentified Asian client. The vessel is scheduled for delivery by February 15, 2029. In the first four months of 2026, Samsung Heavy has won orders worth $3.4 billion to build 17 ships, including two container vessels and four LNG carriers.
