SEOUL, November 07 (AJP) - Samsung Heavy Industries said on Friday that it had secured an order worth about $199 million to build two crude oil tankers for a North American client, with delivery scheduled by January 2029.
The deal brings the company’s total orders this year to $5.6 billion, or about 83 percent of its $5.8 billion target for merchant ships.
“Following an $800 million preliminary order for offshore production facilities and a recent letter of intent from Delfin in the United States, we expect to meet our annual goals,” the company said in a statement.
So far this year, Samsung Heavy’s orders include seven liquefied natural gas carriers, nine shuttle tankers, two container ships, two ethane carriers, and 11 crude oil tankers, totaling 32 vessels. Its current order backlog stands at $26.9 billion, covering 125 ships.
A company spokesperson said Samsung Heavy expects steady demand for replacing aging crude oil tankers.
“We will continue to respond proactively to market conditions by building a flexible production system in cooperation with domestic and international shipyards,” the spokesperson said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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