https://www.businesskorea.co.kr/news/articleView.html?idxno=230292

Samsung Heavy Industries (SHI) announced on November 25 the signing of a significant shipbuilding contract with an Asian shipowner to construct four advanced 16,000 TEU (Twenty-foot Equivalent Unit) container ships. The agreement, valued at 1.0985 trillion won, sets a delivery timeline with completion expected by December 2027. This new deal reinforces SHI's robust performance in 2024, having secured orders for a total of 33 vessels worth $6.8 billion to date. These include liquefied natural gas (LNG) carriers, ammonia carriers, and other vessels. The company has now reached 70% of its annual order target of $9.7 billion, marking steady progress in a competitive market.

SHI's diverse portfolio for this year includes orders for 22 LNG carriers, 2 very large ammonia carriers, 1 shuttle tanker, 4 Suezmax tankers, and 4 container ships. This strategic diversification reflects SHI's adaptability and foresight in addressing the evolving needs of the global maritime industry.The latest contract underscores SHI’s reputation for delivering innovative and high-capacity vessels, positioning the company as a leader in advancing modern shipbuilding technologies while catering to the increasing demands of global shipping.