Samsung Heavy Industries Wins US$744 Mln Order To Build Three ships

SEOUL, May 18 (Bernama-Yonhap) -- Samsung Heavy Industries Co. said Monday it has secured a 1.12 trillion-won (US$744.4 million) contract to build three liquefied natural gas (LNG) carriers, Yonhap News Agency reported.

The company said in a regulatory filing that it recently signed the deal with an unidentified client in the Oceania region.

"We are seeing growing demand for high-end LNG ships, amid the growing importance of energy security and supply chain diversification due to geopolitical uncertainties in the Middle East," the company said, adding that this kind of momentum should continue this year.

With the latest order, the shipbuilding unit of Samsung Group has clinched deals worth a combined US$4.7 billion for 22 ships in 2026.

-- BERNAMA-YONHAP