Samsung Heavy wins another deal, boosts order backlog

by Shin Jia Posted : March 20, 2026, 09:51Updated : March 20, 2026, 09:51
An LNG carrier built by Samsung Heavy Industries
Courtesy of Samsung Heavy Industries
SEOUL, March 20 (AJP) - Samsung Heavy Industries has won an order for one liquefied natural gas (LNG) carrier from an Oceania-based shipping company, the shipbuilder said on Friday.

The order, worth 377.9 billion won (or about $252 million), is scheduled for delivery by April 2029.

The deal brings the shipbuilder's cumulative orders for this year to 12 vessels worth $2.4 billion, reaching 17 percent of its annual target of $13.9 billion.

They consist of four LNG carriers, two ethane carriers, two container ships, and four crude oil tankers.

"We are taking a strategic approach to securing orders for highly profitable ships, while also responding flexibly to changes in market conditions," a Samsung Heavy spokesman said.