Samsung Heavy Industries (SHI) announced a significant contract to build three ultra-large ethane carriers (VLECs) for an Asian shipowner. The contract, valued at 742.2 billion won, further strengthens SHI’s position as a leader in eco-friendly maritime solutions. The vessels are slated for delivery by December 2027.
Achieving Milestones in 2024
Order Intake Overview
- SHI’s cumulative order intake for 2024 has reached approximately $7.3 billion (10.6 trillion won) across 36 vessels, achieving 75% of its annual target of $9.7 billion.
- The total orders include a diverse fleet:
- 22 LNG carriers
- 2 Very Large Ammonia Carriers (VLACs)
- 1 Shuttle Tanker
- 4 Medium Tankers
- 4 Container Ships
- 3 Very Large Ethane Carriers (VLECs)
Eco-Friendly Focus
- Notably, eco-friendly fuel vessels, including LNG and ammonia carriers, comprise 86% of the total orders (31 vessels).
- This aligns with the maritime industry’s shift toward sustainable shipping solutions to reduce greenhouse gas emissions.
Strategic Vision
An SHI representative commented on the increasing demand for eco-friendly ships:
“The trend of ordering eco-friendly fuel-propelled ships to reduce greenhouse gas emissions is steadily increasing.”
The official further highlighted SHI’s strategy:
“Given our strengths in eco-friendly technology development, we will actively respond to changes in the market environment.”
Eco-Friendly Technology and Market Leadership
Samsung Heavy Industries is leveraging its expertise in green technology to meet the growing demand for low-emission vessels. By focusing on LNG, ammonia, and ethane carriers, SHI is not only adapting to evolving regulations but also setting new benchmarks in sustainable shipping.
As SHI approaches the close of 2024, its achievements underscore the company’s commitment to innovation, sustainability, and operational excellence in the global maritime industry.
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Source: BUSINESS KOREA
