The Korea Herald

지나쌤

Samsung Heavy bags W420b deal for 2 LNG carriers

By 박윤아

Published : Sept. 30, 2016 - 10:41

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[THE INVESTOR] Samsung Heavy Industries had inked a 420 billion won (US$380 million) deal to build two LNG carriers, the first in almost one year, the company said on Sept. 30.

The deal with a European customer came as local shipyards are suffering from a sharp decline in new orders amid a protracted industry-wide slump.

 
A LNG carrier made by Samsung Heavy Industries A LNG carrier made by Samsung Heavy Industries


Samsung Heavy is also set to win more deals valued at a combined 3 trillion won, including from a contract to build offshore facilities.

Samsung Heavy is targeting $5.3 billion worth of orders for the year and has met 7.2 percent of its annual order target.

(theinvestor@heraldcorp.com)