Samsung Heavy wins KRW 4.6 trillion order for LNG newbuilds

June 4, 2024

Samsung Heavy Industries announced on the 6th that it has signed a KRW 4.57 trillion contract with a Middle East shipowner for fifteen 170,4000 ㎥ LNG carriers to be delivered by October 2028.

The contract amount surpasses the company’s previous record for the largest single order of KRW 3.95 trillion set by signing a newbuilding contract for 16 methanol-powered container ships last July.

Samsung Heavy Industries’ cumulative contract performance for this year has now reached 17 ships* amounting to USD 3.7 billion in just over a month, representing nearly half of last year’s total of USD 8.3 billion.

*15 LNG carriers, 2 VLACs

Especially the order backlog for high-value LNG carriers emcompasses a total of 90 ships, solidifying the company’s position for stable performance.

An official from Samsung Heavy Industries said, “With this large-scale contract, the orientation towards profitability in selecting orders will gain momentum.”

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