Geoje: Samsung Heavy Industries Co. announced that it has secured a contract valued at 743 billion won (approximately US$500 million) to construct two liquefied natural gas (LNG) carriers for a client in the Oceania region. The company revealed that these LNG carriers are scheduled for delivery to the undisclosed client by March 2029.
According to Yonhap News Agency, with this recent agreement, Samsung Heavy has successfully accumulated $7.4 billion in orders within the current year. This amount represents approximately 76 percent of the company's annual order target of $9.8 billion.
The company also reported that, as of Tuesday, its order backlog stands at 132 vessels, with a total value of $28.3 billion. This backlog is anticipated to keep Samsung Heavy's shipyard in Geoje, located about 330 kilometers southeast of Seoul, fully operational for the next three years.