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A large gas carrier (VLGC) built by Samsung Heavy Industries. / Samsung Heavy Industries

Samsung Heavy Industries has won an order for two very large gas carriers (VLGCs) valued at 307.4 billion won. With its commercial vessel order total reaching 7.5 billion dollars this year, the company has achieved 132 percent of its annual target.

On the 30th, Samsung Heavy Industries announced that it signed a construction contract for two VLGCs with a shipowner in the Bermuda region. The vessels are scheduled for sequential delivery to the shipowner by February 2030.

Including this contract, Samsung Heavy Industries' commercial vessel order performance for this year stands at 44 ships totaling 7.5 billion dollars, exceeding its annual target of 5.7 billion dollars by 32 percent. Following 28 ships in the first half of the year, it secured an additional 16 ships in the second half.

By vessel type, the shipbuilder secured orders for 18 of its flagship liquefied natural gas (LNG) carriers, two ethane carriers, six gas carriers, four container ships, and 14 crude oil tankers. In the second half, it continues to diversify its order intake to include crude oil tankers, container ships, large LNG carriers, and VLGCs.

In the offshore sector, the company won orders for two floating liquefied natural gas (FLNG) facilities worth 4.4 billion dollars, meeting 54 percent of its annual target of 8.2 billion dollars. Its total orders this year, combining commercial vessels and offshore facilities, reached 11.9 billion dollars, representing 86 percent of its annual target of 13.9 billion dollars.

An official from Samsung Heavy Industries said, "Customer demand for shipbuilding is diversifying in line with shifts in the global energy market and the transition toward eco-friendly vessels." The official added, "We will proactively respond to customer demand based on our construction experience accumulated across diverse vessel types and our eco-friendly technological competitiveness."

                                                                                                           Kim So-young