According to an April 1 disclosure on the Financial Supervisory Service’s electronic filing system, BlackRock Fund Advisors newly reported the previous day that it holds 44,056,088 shares of Samsung Heavy Industries (a 5.01% stake). The stake was secured through on-market purchases, and the purpose of holding was specified as a simple investment.

As the world’s largest asset manager has emerged as a major shareholder, the market is assigning significance beyond a simple investment. In particular, Samsung Heavy Industries’ order momentum is showing a clear recovery trend.

On the same day, Samsung Heavy Industries also disclosed that it won an order for two eco-friendly very large gas carriers (VLGCs) from a Bermuda-based shipowner for 342.0 billion won (approximately $228 million. The vessels, which can transport liquefied petroleum gas (LPG) and ammonia, are scheduled to be delivered by May 2029.

Cumulative orders this year stand at a total of 16 vessels worth $3.1 billion, achieving about 22% of annual target of $13.9 billion). By vessel type, the orders comprise six LNG carriers, two very large ethane carriers (VLECs), two VLGCs, two container ships, and four crude oil tankers.

Source: BusinessKorea