A view of the Samsung Heavy Industries Geoje shipyard./Courtesy of Samsung Heavy Industries

Samsung Heavy Industries said on the 27th that it signed a contract worth 1.0018 trillion won with a shipping company in Bermuda for a total of five vessels: one LNG carrier, two very large gas carriers (VLGCs), and two crude oil carriers.

Samsung Heavy Industries' cumulative orders this year total 27 ships, valued at $5.4 billion. By vessel type, they are 13 LNG carriers (including one LNG-FSRU), two ethane carriers, four gas carriers, two container ships, and six crude oil carriers.

A Samsung Heavy Industries official said, "It is unusual for a shipowner to place simultaneous orders for multiple, different vessel types with a single shipbuilder, and this is a result that proves our comprehensive construction capabilities and customer trust," adding, "We will maximize profitability with high value-added vessel types, and maximize production stability and efficiency with standardized vessel types."

※ This article has been translated by AI. Share your feedback here.