Samsung Heavy Industries wins $1.2 billion order for 6 LNG and crude oil carriers from Oceania shipowner
Quick Look
- Samsung Heavy Industries announced on the 14th that it had received orders for a total of $1.2 billion (KRW 1.6476 trillion) for four LNG carriers and two crude oil carriers from a shipowner in Oceania.
- As a result, this year's merchant ship sector orders reached $7.3 billion, exceeding last year's annual performance and exceeding the annual order intake target by 28%.
AI-generated summary
Why It Matters
Samsung Heavy Industries has already surpassed last year's annual performance by showing strong order performance in the merchant ship sector this year. This is analyzed to be due to an increase in orders for global LNG and crude oil carriers.
(Seoul = Yonhap News) Reporter Hong Gyu-bin = Samsung Heavy Industries announced on the 14th that it had received orders for a total of $1.2 billion (KRW 1.6476 trillion) for four large liquefied natural gas (LNG) carriers and two crude oil carriers from a shipowner in the Oceania region.
With this contract, Samsung Heavy Industries increased its commercial ship sector orders this year to $7.3 billion, exceeding last year's annual performance ($7.1 billion). It also exceeded this year's order target (USD 5.7 billion) by 28%.
By ship type, the company secured an order portfolio of a total of 42 ships, including 18 LNG carriers, 2 ethane carriers, 4 gas carriers, 4 container carriers, and 14 crude oil carriers.
Samsung Heavy Industries analyzed that this was due to a 66% increase in global new ship orders in the first half of this year compared to the same period last year. In particular, the order volume for LNG carriers in the first half of the year was similar to last year's annual order volume.
Samsung Heavy Industries' total order performance, including the marine sector, is $11.7 billion (44 ships), which is 84% of this year's order target ($13.9 billion).
An official from Samsung Heavy Industries said, "This order is the result of actively responding to the shipowner's long-distance transportation purpose," and added, "We will continue to receive selective orders that meet customer needs and convenience and focus on profitability."
What to Watch
AI outlook — possibilities, not facts
Increased likelihood of achieving Samsung Heavy Industries' annual order target
Likely · Within months
Open Questions
- When is the delivery date for this contract?
- What are the specific specifications of the vessel?
- Has the identity of the Oceania shipowner been revealed?
