Samsung Heavy Secures Order for European Special-Purpose Vessel

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of one special-purpose ship for an undisclosed European shipowner.

As informed, the order is worth KRW 134.8 billion (around USD 1.2 billion).

Signed on June 28, the agreement is subject to board approval, SHI said in a statement.

The newbuild is expected to be delivered by the end of March 2022.

At the beginning of June 2019, SHI secured another order for two LNG carriers, worth about USD 380 million.

With the newest order, Samsung Heavy said it reached 41 percent of its annual order target of USD 7.8 billion. This represents a 28 percent increase from the USD 2.5 million ordered in the same period last year.

World Maritime News Staff