[ad_1]
▲ A crude oil transporter delivered by Samsung Heavy Industries. (Courtesy photo = Samsung Heavy Industries)
Samsung Heavy Industries is demonstrating the backlog of orders won at the end of the year by winning large orders worth 2.8 trillion won at a time.
On the 23rd, Samsung Heavy Industries announced that it signed a contract to supply ship blocks and equipment totaling $ 2.5 billion (approximately KRW 2.807.2 billion) with European ship owners. The term of the contract is until December 2025.
This contract is the largest single vessel contract signed by Samsung Heavy Industries since its inception.
According to industry experts, the order appears to be related to the large-scale liquefied natural gas (LNG) development project, the ARCTIC (Atic) LNG-2 project promoted by Russia.
The Arctic LNG-2 is a gas field located in the Siberian gas field, Russia, and it is a very large gas field project that is being developed by Russia to produce 18,000 tons of LNG per year by 2025.
Samsung Heavy Industries has won orders for 10 icebreaker LNG carriers from the Arctic LNG-2 project this year.
In September last year, Samsung Heavy Industries was selected as a technical partner for the LNG icebreaker to be used in the Arctic LNG-2 project, and signed a design contract with Zvezda Shipyard in Russia. In November of the same year, it signed a joint construction contract for five LNG icebreakers.
Meanwhile, through this contract, Samsung Heavy Industries achieved half (45%) of this year’s order target. Cumulative order performance to date is totaling $ 3.8 billion.
The order book was $ 21.1 billion, which reached $ 19.9 billion at the end of June this year, and then increased to more than $ 20 billion in five months.
On the 17th, Samsung Heavy Industries won three S-Max class crude carrier orders worth KRW 1946 billion from Oceanian shipping companies. He won an order of about $ 220 million (about 2.614 billion won).
Samsung Heavy Industries won 16 orders this year and this contract adds a large-scale block supply contract.
Additional orders are expected throughout the year. Samsung Heavy Industries has strong orders from large-scale LNG projects such as Mozambique and Qatar, and is raising expectations for additional orders from container ships and crude oil carriers, which have recently resumed orders.
A Samsung Heavy Industries official said: “We are doing our best to connect the currently signed LOI and the additional options to the actual contracts as much as possible during this year.”
