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SHI Secures Orders for Ten LNG-Fueled Crude Oil Tankers

South Korea’s Samsung Heavy Industries has received orders to build ten A-max LNG-fueled crude oil tankers for an Oceanian shipowner.

According to a stock exchange filing, the deal is valued at KRW 751.3 billion (USD 620.2 million), or KRW 75.1 million per unit.

The 113,000 dwt dual-fueled tankers would be delivered in a consecutive order to the unnamed buyer by the end of January 2022.

Samsung Heavy has achieved 54% of its USD 7.8 billion annual target so far this year by securing USD 4.2 billion worth of contracts. The shipbuilding deals have been signed for 29 vessels, that include 14 crude oil tankers and 11 LNG carriers.

Just last week, Samsung Heavy unveiled its latest LNG carrier order, with a value of KRW 225.5 billion (USD 185.8 million. The deal, signed with an undisclosed Asian customer, would see the shipbuilder construct and deliver the unit by late October 2021.

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