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 order performance of Samsung Heavy Industries’ ...
Samsung Heavy Industries has secured an order for two container ships worth 444.5 billion won ($336.74 million) from an African shipping company, according to a report dated Aug. 31. The ships will be delivered by Dec. 2028, contributing to the sector's accumulated order performance of 36 ships and $6.1 billion for the year, surpassing the initial target of $5.7 billion by 107%.
The company's success is attributed to a focus on high-value ships, with 14 LNG carriers, 12 crude oil carriers, 4 gas carriers, 4 container ships, and 2 ethane carriers being delivered. The overall order value for the year, including two FLNG units, is $10.5 billion, meeting 76% of Samsung Heavy Industries' annual target of $13.9 billion.
The trend of eco-friendly ship replacement is driving demand for large container ships, and Samsung Heavy Industries is capitalizing on this by securing orders in the 8,000 to 13,000 TEU-class range. A representative from the company announced that with the commercial ship sector target exceeded, profitability will now be prioritized.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Samsung Heavy Industries Lands Two-Ship Order businesskorea.co.kr