Samsung Heavy Industries wins order for 2 LNG carriers worth KRW 672.2 billion from Asian shipowner

Samsung Heavy Industries announced on the 2nd that it had received an order worth 672.2 billion won for two liquefied natural gas (LNG) carriers from a shipowner in Asia.

With this contract, Samsung Heavy Industries' LNG carrier orders this year increased to 20. The amount of orders received in the merchant shipping sector reached 140% of the annual target (USD 5.7 billion).

Samsung Heavy Industries cited Geoje Shipyard Dock 3 as the reason for receiving large orders for LNG carriers.

The explanation is that since four large LNG carriers can be built simultaneously at the third dock, which is 640m long and 97.5m wide, it can stably respond to large orders.

Samsung Heavy Industries plans to invest 10 trillion won in its Geoje plant to upgrade the smart shipyard and increase production efficiency and quality competitiveness.

The number of ships ordered by Samsung Heavy Industries this year is 46, including 20 LNG carriers (including 1 LNG-FSRU), 2 ethane carriers, 6 gas carriers, 4 container carriers, and 14 crude oil carriers.

Including the marine sector, including two floating liquefied natural gas production facilities (FLNG), this year's cumulative orders amount to 48 ships and $12.4 billion. This is 89% of the annual target ($13.9 billion).