Samsung Heavy Industries Lands Two-Ship Order
Samsung Heavy Industries disclosed on Aug. 31 that it has won an order for two container ships from an African shipping company for a total of 444.5 billion won ($336.74 million). The newly contracted ships are scheduled to be delivered sequentially by Dec. 2028.With this order, the accumulated orde
Samsung Heavy Industries secured a contract for two container ships from an African shipping company, totaling 444.5 billion won ($336.74 million). The ships are set to be delivered by December 2028, bringing the company's commercial ship order performance for the year to 36 ships and $6.1 billion, which is 107% of the set target of $5.7 billion.
The company's focus has been on high value-added ships, with 14 LNG carriers, 12 crude oil carriers, 4 gas carriers, 4 container ships, and 2 ethane carriers being among the orders secured. The overall order value for the year, including two FLNG units, stands at $10.5 billion, meeting 76% of Samsung Heavy Industries' annual order target of $13.9 billion.
There's a growing trend in the shipbuilding market towards eco-friendly ships, particularly mid-to-large container ships ranging from 8,000 to 13,000 TEU. Samsung Heavy Industries has capitalized on this shift in market demand to meet its order volume targets. With the commercial ship sector's annual target already exceeded, the company plans to prioritize profitability moving forward.
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