$12.2 Billion Worth LNG Orders for Samsung

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  • The year is not over yet for South Korean shipbuilder Samsung Heavy Industries (SHI) as it received an order for the construction of a liquified natural gas (LNG) carrier.
  • On 24 December, SHI signed a shipbuilding contract with an undisclosed shipowner in Latin America.

A recent news article published in the Offshore Energy states that Samsung Heavy bags order for LNG carrier.

Value of LNG carrier

The order is valued at KRW 241.6 billion (around $203 million), SHI revealed in a stock exchange filing on 27 December 2021.

Under the terms of the deal, the LNG carrier is scheduled to be delivered by 31 December 2024.

$12.2 billion worth of orders this year

With the newest order, Samsung Heavy has won $12.2 billion worth of orders this year, surpassing its annual order target of $9.1 billion.

In 2021, it bagged orders for the construction of a total of 80 units comprising 22 LNG carriers, 44 boxshipsand 14 crude oil carriers.

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Source: Offshore Energy

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