Samsung Heavy Industries secures 307.4 billion won gas carrier contract

Samsung Heavy Industries has secured a contract to build two Very Large Gas Carriers (VLGC) for a Bermuda-based shipowner, valued at 307.4 billion won. The vessels are scheduled for delivery by February 2030.

With this latest order, the company has exceeded its annual commercial ship order target, reaching 132% of its $5.7 billion goal. Total commercial orders for the year stand at 44 vessels, amounting to $7.5 billion. The company's order portfolio includes 18 LNG carriers (including one floating storage and regasification unit), 14 crude oil carriers, 6 gas carriers, 4 container ships, and 2 ethane carriers.

In the offshore sector, the company has secured $4.4 billion in orders, including two Floating Liquefied Natural Gas (FLNG) units, representing 54% of its $8.2 billion annual target. Combined, the shipbuilding and offshore sectors have reached $11.9 billion in total orders, which is 86% of the company's $13.9 billion annual goal.