{
  "id": 11373308,
  "title": "Samsung Heavy Exceeds LNG Carrier Target",
  "url": "https://urgent.news/2026/10/02/samsung-heavy-exceeds-lng-carrier-target",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T06:28:53.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=278147"
  },
  "original_language": "en",
  "account": "Samsung Heavy Industries has surpassed its commercial vessel order target by 40% for the year, according to a statement made on October 2. The company anticipates delivering these vessels by May 2029. This year, Samsung Heavy Industries has ordered a total of 20 LNG carriers, including one LNG-FSRU, bringing the company's order performance to $8 billion, exceeding the initial target of $5.7 billion. The primary factor behind this surge in orders is the robust construction infrastructure at Samsung Heavy Industries' Geoje Shipyard. The yard's No. 3 dock, with dimensions of 640 meters in length and 97.5 meters in width, is capable of constructing four large LNG carriers at once, a unique advantage that ensures timely delivery even in the face of large-scale orders. Additionally, the introduction of a smart shipyard, integrating digital, artificial intelligence, and robot technologies, is boosting production efficiency. In July, Samsung Heavy Industries announced a $7.69 billion investment in the Geoje workplace to establish a construction base for high-value-added vessels and offshore infrastructure. This substantial investment is expected to further accelerate the transition to a smart shipyard. Across various vessel types, Samsung Heavy Industries received orders for 46 commercial vessels this year, comprising 2 ethane carriers, 6 gas carriers, 4 container ships, and 14 crude oil carriers. Including 2 FLNG units in the offshore sector, the total order volume stands at 48 vessels and $12.4 billion, representing 89% of the integrated order target of $13.9 billion. A Samsung Heavy Industries representative noted that the company plays a pivotal role in the global LNG value chain, including LNG carriers and FLNG, and plans to continue reinforcing its market leadership through its unique technological and construction capabilities.",
  "summary": "Samsung Heavy Industries has exceeded its commercial vessel order target for this year by 40%.Samsung Heavy Industries disclosed this order on Oct. 2 and announced that it plans to deliver the vessels by May 2029. Including this contract, the total number of LNG carriers Samsung Heavy Industries has",
  "key_points": [
    "Samsung Heavy Industries exceeded its LNG carrier target by 40% in 2023.",
    "Company anticipates delivering 20 LNG carriers by May 2029.",
    "Robust Geoje Shipyard infrastructure and smart technologies boosted orders."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BusinessKorea",
        "title": "Samsung Heavy Industries Hits 20 LNG Carrier Orders, Surpassing Annual Target",
        "url": "https://urgent.news/2026/10/02/samsung-heavy-industries-hits-20-lng-carrier-orders-surpassing-annual",
        "published": "2026-10-02T06:28:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}