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Samsung Heavy Industries commercial and R&D developments

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-09-14 06:21 UTC → 2026-09-30 03:20 UTC · added removed

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 $7.3 billion. $7.5 billion across 44 vessels. This growth follows represents 132% of its initial commercial goal. Recent contract successes include a $1.2 billion contract 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 commercial developments, the company is expanding its research and development capabilities through a dual-track structure. Samsung Heavy Industries has partnered with Seoul National University to establish the The ‘SHI-SNU Future Ship Technology Global Cooperation Research Center’. This center Center’, a partnership with Seoul National University, focuses on fundamental research in decarbonization, eco-friendly vessels, decarbonization and energy transition technologies. transition. This initiative complements the ‘SHI-KAIST Next-Generation Ship Research Center’, which focuses on targets artificial intelligence, robotics, and autonomous navigation.

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  1. 2026-09-30 03:20 UTC Samsung Heavy Industries commercial and R&D developments
  2. 2026-09-14 06:21 UTC Samsung Heavy Industries commercial and R&D developments
  3. 2026-09-03 00:53 UTC Samsung Heavy Industries commercial and R&D developments

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