Samsung Heavy Industries orders two VLGCs for 307.4 billion won

  • Samsung Heavy Industries secured two VLGC orders from a Bermuda shipowner.
  • 307.4 billion won covers both vessels, with delivery due by February 2030.
  • Samsung Heavy Industries has booked 44 merchant ships and $7.5 billion this year.

Samsung Heavy Industries has secured orders for two very large gas carriers (VLGCs) from a shipowner in Bermuda, with delivery scheduled by the end of February 2030. The contract is valued at 307.4 billion Korean won, or 153.7 billion won per vessel, based on an exchange rate of 1,360 won per U.S. dollar. The deal brings the company’s merchant-ship orders this year to 44 vessels: 28 in the first half and 16 in the second half. The portfolio includes 18 LNG carriers, including one LNG-FSRU, two ethane carriers, six gas carriers, four container ships and 14 crude oil carriers. Merchant-ship order intake has reached $7.5 billion, or 132% of Samsung Heavy Industries’ annual target of $5.7 billion. In the marine sector, the company has secured two FLNGs worth $4.4 billion, reaching 54% of its $8.2 billion annual target. Combined shipbuilding and marine orders total 46 vessels and $11.9 billion, equivalent to 86% of the annual target of $13.9 billion.

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