Seoul: Samsung Heavy Industries Co., a major South Korean shipbuilder, announced it has secured a 561.9 billion-won (US$391.2 million) order from an Asian client to construct two container ships. The company plans to deliver the vessels to the unidentified shipper by January 2028, as mentioned in a recent filing.
According to Yonhap News Agency, Samsung Heavy has not disclosed the name of the shipper involved in this significant transaction. The contract marks a substantial step for the company, which has so far secured approximately US$2.6 billion worth of orders this year. This represents 27 percent of its annual order target of $9.8 billion, indicating progress towards its yearly goals.
Samsung Heavy is actively working to diversify its portfolio, expanding beyond container and crude oil carriers. The company aims to meet the increasing demand for replacing aged oil carriers and container ships with a broader range of vessel types, reflecting the evolving needs of the shipping industry.