This photo, provided by Samsung Heavy Industries Co., shows a panoramic view of Qatar Shipyard Technology Solutions. (Yonhap)
SEOUL, Feb. 4 (Korea Bizwire) – Samsung Heavy Industries Co. said Wednesday it has partnered with a Qatari shipyard to cooperate on ship conversion and aftermarket services as part of its global expansion strategy.
Under a memorandum of understanding (MOU) signed on the sidelines of the international trade fair LNG 2026 in Doha, Qatar, Samsung Heavy and Qatar Shipyard Technology Solutions (QSTS) agreed to expand cooperation in ship conversion and aftermarket services, according to the Korean shipbuilder.
QSTS, a subsidiary of Qatar’s state-run shipping company Nakilat, is one of the leading shipyards in the Middle Eastern country, providing ship repair and maintenance services.
The two companies plan to further collaborate on conversion projects involving eco-friendly facilities, including decarbonization solutions, energy efficiency improvements and onboard carbon capture equipment, as well as digital technologies.
They also intend to explore cooperation in small marine projects and special purpose vessels.
Samsung Heavy said the partnership with QSTS is expected to help the company respond more actively to business opportunities in the Middle East, where demand for eco-friendly ship conversions and marine development projects is growing rapidly.
“This business cooperation with QSTS will be an important milestone for expanding Samsung Heavy’s global business going forward,” said Namgoong Geum-sung, executive vice president of Samsung Heavy. “We will further strengthen our business competitiveness through proactive global operations.”
(Yonhap)
