South Korean shipbuilder Samsung Heavy Industries has signed a contract valued at approximately $499 million to construct two LNG tankers for an Oceania-based shipowner. The contract, reportedly worth 721.1 billion won, was revealed by Yonhap news agency, citing a company statement. While the shipowner's identity remains officially undisclosed, industry rumors suggest Seapeak as the client. Samsung Heavy Industries' order book at the end of 2025 is expected to reach 133 vessels, amounting to a total value of $28.6 billion. The company anticipates continued strong demand for LNG tankers amid a global market recovery.