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Samsung Heavy Industries cinches USD 694.8 million deal for five LNG-powered newbuilds

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SHI said the contract is to build five 15,000-TEU LNG powered container ships, the first of which is expected to be delivered by January 2024, in a company filing.
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Samsung Heavy Industries (SHI) has secured a supply contract from an unnamed Asian client to build five additional vessels in a deal worth KRW 794.2 billion (USD 694.8 million)

In a company filing, it said the contract is to build five 15,000-TEU LNG powered container ships, the first of which is expected to be delivered by January 2024.

With this, Samsung has secured orders for 19 vessels which accounts for 31% of its 2021 target of USD 7.8 billion. According to the filing, this deal alone accounts for 10.8% of its targeted annual sales.


Published: 11 March, 2020

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