Seoul: Samsung Heavy Industries Co., the third-largest shipbuilder globally by orders, announced on Monday that it has secured a substantial order totalling 1.09 trillion won (approximately US$779 million) to construct four container ships for an undisclosed Asian shipping company by the year 2027. This significant deal marks a pivotal achievement for the South Korean shipbuilder as it continues to fortify its position in the competitive shipbuilding industry.According to Yonhap News Agency, the latest order propels Samsung Heavy Industries' total orders to $6.8 billion for the current year, fulfilling 70 percent of the company's ambitious annual target of $9.7 billion. The company remains optimistic about reaching its yearly goal, as it is actively engaged in discussions to secure additional contracts for liquefied natural gas ships and eco-friendly container carriers.The shipbuilding giant boasts an order backlog valued at $32.5 billion, ensuring the operation of its shipyard in Geoje, located approxima tely 330 kilometers south of Seoul, for the next three years. This robust backlog underscores Samsung Heavy Industries' strategic foresight and its commitment to maintaining a steady workflow, thereby reinforcing its status as a leading player in the global shipbuilding sector.
- October 12, 2026
