Samsung Bags $378 Million Deal for 2 LNG Carrier

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Samsung Heavy Industries Co., a major South Korean shipbuilder, has clinched a deal worth 426 billion won (US$378 million) to build two liquefied natural gas (LNG) carriers, says The Medi Telegraph.

What is in the contract?

The contract, with a North American shipper, calls for Samsung Heavy to deliver the vessels by Aug. 15, 2021, the company said in a regulatory filing.

With the latest contract, Samsung Heavy has clinched deals valued at a combined $6.1 billion so far this year to build 48 ships, including 17 LNG carriers. The shipbuilder aims to secure $8.2 billion worth of orders for the year.

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Source: TheMediTelegraph

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