This file photo, provided by Samsung Heavy Industries Co., shows an oil carrier built by the shipbuilder. (Image courtesy of Yonhap)
SEOUL, April 8 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Tuesday it has received a 477.8 billion-won (US$325 million) order to build four oil carriers in the Oceania region.
Samsung Heavy plans to deliver the four vessels in phases to an unidentified Oceanian shipper by December 2028, the company said in a press release.
“There is a growing replacement demand for aged oil carriers. The company will selectively receive orders to build higher-value ships, such as liquefied natural gas (LNG) carriers and floating LNG facilities,” it said.
With the latest contract, the company has so far won about $2.2 billion worth of orders this year, accounting for 22 percent of its annual order target of $9.8 billion, it said.
It had an order backlog of $30.5 billion as of end-February, which will keep its Geoje-based shipyard, located about 330 kilometers south of Seoul, busy for the next three years.
(Yonhap)
