Samsung Heavy Industries announces $413M contract

Samsung Heavy Industries said yesterday it won a 462 billion won ($413 million) deal to build two liquefied natural gas (LNG) vessels.

Under a contract signed with SK Marubeni, a joint venture of SK Shipping and Japanese trading house Marubeni Corporation, the Korean shipbuilder will deliver two LNG vessels, each with a capacity of 180,000 cubic meters, to French energy company Total.

The first LNG carrier will be delivered in the second half of 2016 and the second one in the second half of 2017, the Korean shipbuilder said.

“Among the 12 orders made for LNG carriers worldwide this year, Samsung Heavy Industries clinched nine of them,” said an employee at the company.

“We will continue securing new orders through mainly targeting orders of LNG carriers and large vessels.”

AP