Samsung Heavy Wins 6-Ship Order Deal

Samsung Heavy Industries has signed a monumental contract worth $1.23 billion for six ships, marking a significant leap from last year's commercial ship division performance. The contract includes four large liquefied natural gas (LNG) carriers and two crude oil carriers, totaling $1.2 billion in value. This single-day achievement has propelled the company's annual order value to $7.3 billion, surpassing last year's $7.1 billion and exceeding the year's target of $5.7 billion by 28%.

The LNG carriers boasted a substantial cargo capacity, ranging from 200,000 to 174,000 cubic meters, allowing for fewer voyages when transporting similar volumes of cargo. Samsung Heavy Industries has secured 18 LNG carriers this year, a notable increase from the 1 LNG-FSRU order. According to market analysis firm Clarkson Research, global newbuilding orders in the first half of 2026 have surged by 66% in terms of compensated gross tonnage compared to the same period last year, with 59 LNG carriers ordered alone.

Samsung Heavy Industries continues to diversify its ship portfolio, securing orders for 42 vessels, including 2 ethane carriers, 4 gas carriers, 4 container ships, and 14 crude oil carriers. The offshore division has also met 54% of its target with orders for 2 floating liquefied natural gas (FLNG) vessels valued at $4.4 billion. Combining shipbuilding and offshore divisions, Samsung Heavy Industries has achieved 44 vessels valued at $11.7 billion, representing 84% of its overall order target of $13.9 billion for the year.

A Samsung Heavy Industries official attributed this success to meeting the shipowner's long-distance transportation goals and indicated that the company will continue a selective order strategy focusing on profitability while fulfilling customer needs.