BlackRock takes 5% stake in Samsung Heavy in vote of confidence for shipbuilding supercycle

The world’s largest asset management company BlackRock has become a significant shareholder in Samsung Heavy Industries, acquiring a 5.01% stake in the South Korean shipbuilder in a move that signals strong institutional confidence in the longevity of the current newbuilding supercycle. Samsung Heavy has secured $3.1bn in orders so far this year across 16 vessels, …

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