https://www.businesskorea.co.kr/news/articleView.html?idxno=232601

Samsung Heavy Industries has signed a contract to construct three ultra-large ethane carriers for an unidentified Asian shipping company, the company announced on December 26. The deal, valued at 742.2 billion won, approximately  $508 million stipulates that the vessels will be delivered sequentially, with the final delivery set for December 2027.

This agreement represents another significant achievement for the Korean shipbuilder, further solidifying its position in the global shipbuilding industry. The addition of this contract brings Samsung Heavy Industries’ total order intake for 2024 to approximately $7.3 billion (10.6 trillion won), encompassing 36 vessels. This figure accounts for 75% of the company’s annual order target of $9.7 billion.Samsung Heavy Industries has not disclosed further specifics about the agreement, including the identity of the shipowner. However, the company remains optimistic about meeting its full-year objectives, citing strong market demand and ongoing discussions for additional projects.

This latest order underscores Samsung Heavy Industries’ expertise in constructing advanced ethane carriers, a critical component of the energy sector’s logistics chain. The deal reflects the shipbuilder’s commitment to maintaining a competitive edge through innovation and its focus on addressing global demand for specialized, environmentally friendly shipping solutions.