Samsung Heavy wins $259 mil. LNG ship order in Asia

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This file photo provided by Samsung Heavy Industries  shows an LNG ship, Feb. 1, 2023. Yonhap

This file photo provided by Samsung Heavy Industries shows an LNG ship, Feb. 1, 2023. Yonhap

Samsung Heavy Industries, the world's third-largest shipbuilder by orders, said Thursday it has received a liquefied natural gas (LNG) ship order for 358 billion won ($259 million).

Samsung Heavy will build the LNG carrier for an unidentified shipper in Asia by June 2027, the company said in a statement.

With the latest order, Samsung Heavy has received $5.6 billion worth of orders so far this year, which account for 58 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 LNG ships and environment-friendly container carriers.

It has an order backlog of $31.9 billion, which will keep its Geoje-based shipyard, located about 330 kilometers south of Seoul, busy for the next three years.

In the January-September period, its net profit more than doubled to 153.2 billion won from 68.1 billion won a year earlier on increased orders for value-added ships like LNG carriers and floating LNG facilities, the company said earlier. (Yonhap)

Source: koreatimes.co.kr
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