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Samsung Heavy Industries wins 1.1 tln-won order to build 3 ships

said Monday it has secured a 1.12 trillion-won (US$744.4 million) contract to build three liquefied natural gas (LNG) carriers. The company said in a regulatory filing that it recently signed the...

Samsung Heavy Industries wins 1.1 tln-won order to build 3 ships

Samsung Heavy Industries-order

Samsung Heavy Industries wins 1.1 tln-won order to build 3 ships

SEOUL, May 18 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has secured a 1.12 trillion-won (US$744.4 million) contract to build three liquefied natural gas (LNG) carriers.

The company said in a regulatory filing that it recently signed the deal with an unidentified client in the Oceania region.

"We are seeing growing demand for high-end LNG ships, amid the growing importance of energy security and supply chain diversification due to geopolitical uncertainties in the Middle East," the company said, adding that this kind of momentum should continue this year.

With the latest order, the shipbuilding unit of Samsung Group has clinched deals worth a combined $4.7 billion for 22 ships in 2026.

An undated photo of a liquefied natural gas carrier built by Samsung Heavy Industries Co., provided by the company. (PHOTO NOT FOR SALE) (Yonhap)

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