LNG carrier

Samsung Heavy Industries nets $518mln deal for two LNG carriers

South Korean shipbuilding company Samsung Heavy Industries (SHI) has received an order to construct two liquified natural gas (LNG) carriers.

Illustration; Archive; Courtesy of Samsung Heavy Industries

The South Korean heavyweight signed the contract with an undisclosed shipowner from North America. The value of the contract is KRW 659.2 billion ($518 million).

The LNG carriers are slated for delivery by February 2028, SHI said in its stock exchange filling.

Since the beginning of this year, SHI has won orders worth $3.2 billion, or 34 percent of its 2023 target of $9.5 billion.

The orders include the construction of six LNG carriers, two oil tankers and a floating LNG gas facility.

Three months ago, the shipbuilder announced it will build two LNG carriers for an unnamed shipper from Asia-Pacific under KRW 674.5 billion ($517 million) contract.

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The company kicked off 2023 with the order for a floating LNG facility. The shipbuilder received orders of $12.2 billion and $9.4 billion respectively in 2021 and 2022, exceeding its target.

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