Samsung Heavy Fetches Its 8th LNG Carrier Order in 2019

  • Business & Finance

South Korean shipbuilder Samsung Heavy Industries has secured another order for the construction of a liquefied natural gas (LNG) carrier.

The shipbuilder said that the deal, revealed on May 3, has a value of around KRW 221.6 billion (USD 190 million).

Samsung Heavy is scheduled to deliver the new vessel to an undisclosed Oceania region shipowner in March 2022.

With the latest unit, the shipbuilder’s orderbook for 2019 stands at USD 2.6 billion, or 33 percent of its yearly goal, and includes eight LNG carriers and one FPSO.

Samsung Heavy’s 2019 orderbook target was set at USD 7.8 billion, up 24 percent over last year’s goal amid a strong appetite in the newbuilding market, particularly for LNG and container ships.

World Maritime News Staff

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