Samsung Heavy Hits Commercial Vessel Target Early
Samsung Heavy Industries achieved its commercial ship order target for this year early, continuing its order run focused on high value-added vessels. Even amidst the uncertainty of the global order market, the company is accelerating its business normalization by securing a stable volume centered on LNG carriers and crude oil carriers. Samsung Heavy Industries disclosed ...
Samsung Heavy Industries has surpassed its commercial ship order target for the year, securing two additional crude oil carriers from a European shipping firm for a combined value of 268 billion won ($191.43 million). The vessels will be delivered sequentially by August 2029, bringing the company's total order record in the commercial ship sector to 34 vessels and $5.8 billion for the year, exceeding the initial $5.7 billion target by 2%.
Gas carriers dominate the order list, comprising 14 LNG carriers, 2 ethane carriers, 4 gas carriers, and 2 container ships, alongside 12 crude oil carriers. The overall order performance, including the offshore plant sector, aligns with expectations, with $10.2 billion in orders representing 73% of the $13.9 billion annual target.
Samsung Heavy Industries attributes this success to the strong demand for LNG carriers and crude oil carriers amidst the energy transition, and plans to prioritize profitability-oriented selective orders while maintaining a global operation system to adapt to fluctuating market demand.
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