[THE INVESTOR] Samsung Heavy Industries said on Oct. 28 that it has won a 200 billion won (US$170 million) deal to build three tankers with a Norwegian shipper, Nordic American Tankers.

The leading South Korean shipbuilder will construct three Suezmax oil tankers of about 157,000 deadweight tons (DWTs) to be delivered in 2018.

It‘s expected to give another boost to the shipyard striving to weather the years-long industry-wide slump.

Samsung secured a contract to build two LNG carriers in late September, followed by another deal to construct seven oil tankers earlier this month.

Nordic American Tankers has been a long-time partner of Samsung, as it entered the oil shipping industry with three Samsung-made oil tankers in the 1990s.

(theinvestor@heraldcorp.com)