Samsung Heavy Industries wins LNG carrier contract

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Samsung Heavy Industries wins LNG carrier contract

Samsung Heavy Industries said Tuesday that it has won a deal worth a combined 420 billion won ($376 million) to build two liquefied natural gas (LNG) carriers.

The contract was made with a European shipper, the company said in a regulatory filing.

The latest deal will allow the shipyard to make use of its cutting-edge technology, which includes Saver Air and Intelliman Ship that can greatly increase the fuel efficiency of vessels.

Shippers can reduce fuel usage by more than 5 percent.

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