Samsung Heavy wins $494.8 million order for two LNG carriers

  • Samsung Heavy Industries won orders for two LNG carriers from an Asian shipowner.
  • The latest contract is valued at 672.2 billion won and includes May 2029 delivery.
  • Commercial-vessel orders reached $8 billion, or 140% of the $5.7 billion annual target.

Samsung Heavy Industries Co. has secured a 672.2 billion-won order, valued at approximately $494.8 million, to build two liquefied natural gas (LNG) carriers for an unidentified Asian shipowner, with delivery scheduled by May 2029. The contract lifts the company's LNG carrier orders this year to 20 vessels and commercial-vessel orders to $8 billion, or 140% of its $5.7 billion annual target. Its 46 commercial vessels include one LNG floating storage and regasification unit (LNG-FSRU), two ethane carriers, six gas carriers, four container ships and 14 crude oil tankers. Including $4.4 billion in offshore orders, including two floating liquefied natural gas (FLNG) production facilities, Samsung Heavy's year-to-date orders total $12.4 billion for 48 vessels and facilities, equivalent to 89% of its $13.9 billion overall target.

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