Samsung Heavy Wins 742 Bln-won Ethane Carrier Order in Asia | Be Korea-savvy

Samsung Heavy Wins 742 Bln-won Ethane Carrier Order in Asia


SEOUL, Dec. 26 (Korea Bizwire)Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a 742 billion-won (US$508 million) order to build two very large ethane carriers for an Asian shipper by 2027.

The South Korean shipbuilder did not offer further details of the deal, including the name of the shipper.

With the latest order, Samsung Heavy has obtained $7.3 billion worth of orders so far this year, which account for 75 percent of its annual order target of $9.7 billion.

The company said it is on track to achieve the annual target as it is in talks to win further deals for liquefied natural gas ships and other environmentally friendly carriers.

It currently has an order backlog of more than $33 billion, which will keep its Geoje-based shipyard, located about 330 kilometers south of Seoul, busy for the next three years.

(Yonhap)

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