Samsung Heavy Industries announced on 31 Aug 2026 a contract with an African shipowner to build two container ships. The order is valued at approximately 444.5 billion KRW, or about $320 million, with a unit price of around $160 million. Delivery of the vessels is scheduled for completion by December 2028. The deal brings Samsung Heavy Industries' commercial vessel orders for the year to 35 ships worth approximately
$6.1 billion, equivalent to about 107% of its annual commercial shipbuilding target of $5.7 billion. The company's order book by vessel type now includes 14 LNG carriers, one of which is an LNG-FSRU, two ethane carriers, four gas carriers, four container ships and 12 crude oil tankers, alongside two FLNG units in the offshore segment. Including offshore contracts, Samsung Heavy Industries' total order intake for the year has reached approximately $10.5 billion, or 76% of its overall annual target of $13.9 billion. A company representative said demand for fleet renewal with eco-friendly vessels has driven strong ordering activity for container ships in the 8,000 to 13,000 TEU range. Having already surpassed its annual target for the commercial shipbuilding division, the company said it will now prioritize selective orders that emphasize profitability over volume.
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