Samsung Heavy wins $717.6 mn deal for six LNG dual-fuel container carriers in Europe

[Photo provided by Samsung Heavy Industries Co.]

[Photo provided by Samsung Heavy Industries Co.]

Samsung Heavy Industries Co., one of three Korean shipyard majors, announced Thursday it has won 841.2 billion won ($717.6 million) deal to build six LNG dual-fuel container carriers in Europe.

The six container carriers will be delivered to an identified shipper in Europe until November 2024.

With the addition, Samsung Heavy Industries has bagged a total of $7.8 billion orders for 60 vessels, achieving 86 percent of its yearly target of $9.1 billion for this year which was revised up from previous $7.8 billion amid signs of market recovery.

The target now can be achieved earlier than planned, considering its project in talks with Russia, it added.

Rising demand for eco-friendly vessels like dual-fuel ships also is another upside. Of the 60 vessels ordered within the year, 48 percent or 29 are eco-friendly ships.

“Samsung Heavy Industries will keep up efforts to strengthen its product competitiveness,” said a company official.

Samsung Heavy Industries shares were trading 0.8 percent higher at 6,270 won in Seoul at 1:28 p.m. Thursday.

By Lee Ha-yeon

[ⓒ Pulse by Maeil Business News Korea &, All rights reserved]


See also  Fortnite on the iPhone XR versus Note 9

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.