Orders boom for shipyard

Samsung Heavy Industries, the world’s third-largest shipyard, raised its target for new orders this year 56 percent as growing global trade and higher demand for oil products have prompted shipowners to buy more vessels.
Samsung Heavy expects to win US$12 billion (HK$93.6 billion) of orders this year, an increase from its earlier forecast of US$7.7 billion, the shipyard said Thursday. So far, the company won contracts valued at a record US$10.1 billion this year.