SHI Inks Order Worth $1.7b

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Samsung Heavy Industries Co. said that it has signed a $1.7 billion order to provide design, parts, and blocks for seven shuttle tankers, says an article published in Kore Herald.

About the deal

Under the deal with a company in Eurasia, Samsung Heavy Industries will supply design, parts, and blocks for the vessels by January 2027, the company said in a regulatory filing, Shuttle tankers refer to oil tankers plying between offshore oilfields and oil plants on land to transport crude.

Won the order

With the latest order, the shipbuilder has won a combined $10.3 billion orders so far this year, surpassing its order target of $9.1 by 13 percent, it said.

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Source: KoreaHerald

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