Samsung Heavy hits commercial vessel target early

Commercial ship orders reach $5.8 billion, topping the annual target by 2% Samsung Heavy Industries Achieves Commercial Ship Order Target Early, Securing Additional 268 Billion Won ($191.43 Million) Order in Europe
Looking at the order status by vessel type, the proportion of gas carriers, which are in high demand during the energy transition period, is overwhelming. Gas-related vessels take up the majority, including 14 LNG carriers (including 1 LNG-FSRU), 2 ethane carriers, and 4 gas carriers. Added to this are 2 container ships and a total of 12 crude oil carriers, which include the newly added ones, establishing a balanced portfolio.
The overall order performance, including the offshore plant sector, is also on track. The total cumulative order amount for this year, including 2 units of FLNG (Floating Liquefied Natural Gas) production facilities in the offshore sector, reaches $10.2 billion. This stands at 73% of the annual total order target of $13.9 billion, and depending on the capacity for additional orders in the second half of the year, the possibility of achieving the overall target remains high.
An official from Samsung Heavy Industries emphasized, “As the solid ordering trend continued, centered on LNG carriers and crude oil carriers, we were able to quickly fulfill the commercial ship sector guidance,” adding, “Moving forward, we will focus more on profitability-oriented selective orders while operating a global operation system to flexibly respond to changes in market demand.”
Source: BusinessKorea
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