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Samsung Heavy wins near $1 billion LNG-powered ship order this week
South Korea’s Samsung Heavy Industries Co. extends winning streak in the order book on LNG power, landing near $1 billion deals on vessels running low-carbon gas fuel.
Samsung Heavy Industries said in a disclosure on Thursday that it received a 458.7 billion won ($414 million) order from an unnamed shipping company based on Oceania to build four units of very large crude carriers (VLCC) powered by LNG. The Korean shipbuilder plans to deliver the four vessels in phases by June 2023.
Shares of Samsung Heavy Industries were trading 0.92 percent down at 6,450 won on Friday.