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4 clusters · 8 sources · 30 days · First seen · Last updated

Samsung Heavy Industries commercial and R&D developments

Overview

Samsung Heavy Industries continues to achieve significant commercial and research milestones. The company has surpassed its annual commercial ship order target of $5.7 billion, with total orders for the year reaching $7.5 billion across 44 vessels. This represents 132% of its initial commercial goal.

Recent contract successes include a $1.2 billion deal with an Oceania-based shipowner for four large-scale LNG carriers and two crude oil carriers. The LNG carriers feature an enhanced capacity of 200,000 cubic meters, designed to improve operational efficiency compared to standard 174,000 cubic meter models. Additionally, the company secured a 307.4 billion won contract to build two Very Large Gas Carriers (VLGC) for a Bermuda-based shipowner, with deliveries scheduled for February 2030. The current order portfolio includes 18 LNG carriers, 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 for two Floating Liquefied Natural Gas (FLNG) units, accounting for 54% of its $8.2 billion annual target. Combined, the shipbuilding and offshore sectors have reached $11.9 billion in total orders, or 86% of the company's $13.9 billion annual goal.

To support these developments, the company is expanding its research and development through a dual-track structure. The ‘SHI-SNU Future Ship Technology Global Cooperation Research Center’, a partnership with Seoul National University, focuses on decarbonization and energy transition. This complements the ‘SHI-KAIST Next-Generation Ship Research Center’, which targets artificial intelligence, robotics, and autonomous navigation.

Entities

Samsung Heavy Industries · KAIST · Clarkson Research · Seoul National University

Timeline

  1. [BUSINESS] 2 sources
    Samsung Heavy Industries secures 307.4 billion won gas carrier contract

    Samsung Heavy Industries exceeded its annual commercial ship order target, reaching 132% of its goal after securing a 307.4 billion won contract for two large gas carriers.

  2. [BUSINESS] 3 sources
    Samsung Heavy Industries secures 1.2 billion USD in new vessel orders

    Samsung Heavy Industries secured 1.2 billion USD in orders for six LNG and crude oil carriers, surpassing its total commercial ship order value for the previous year.

  3. [BUSINESS] 3 sources
    Samsung Heavy Industries partners with Seoul National University for maritime R&D

    Samsung Heavy Industries and Seoul National University have partnered to establish a research center focused on future ship technologies, eco-friendly fuels, and maritime energy transition.

  4. [BUSINESS] 3 sources
    Samsung Heavy Industries exceeds annual order target with new container ship contract

    Samsung Heavy Industries has surpassed its 2026 mercantile vessel order target, securing a $323 million contract for two container ships from an African shipowner.

Sources

biz.heraldcorp.com · dhnews.co.kr · gjn.kr · newstomato.com · shipmag.it · socialvalue.kr · tokenpost.kr · zdnet.co.kr

This summary has been updated 2 times: see revision history