Samsung Heavy Industries LNG Order 2026: Secures $499M Deal to Kick Off New Year
Samsung Heavy Industries starts 2026 with a $499M LNG ship order from Oceania. Learn how their $28.6B backlog and 2025 performance impact future growth.
A $499 million deal just kicked off the year for the shipbuilding giant. Samsung Heavy Industries (SHI) announced on Friday it's building two new liquefied natural gas (LNG) carriers for an undisclosed shipper in Oceania. It's a clear signal that the demand for high-value energy vessels remains robust as we enter 2026.
Samsung Heavy Industries LNG Order 2026 Strategy
According to Yonhap, the two vessels are slated for delivery by September 2028. This contract follows a stellar 2025 performance where SHI secured orders totaling $7.9 billion, outpacing the previous year's $7.3 billion. The company's pivot toward high-margin vessels is clearly paying dividends for its bottom line.
| Metric | 2024 Total | 2025 Total |
|---|---|---|
| Order Value | $7.3B | $7.9B |
| Growth | - | +8.2% |
Backlog and Market Outlook
As of the end of 2025, SHI's order backlog stands at 133 ships valued at a staggering $28.6 billion. Company officials noted they're expecting a steady flow of orders throughout 2026, driven by a global recovery in LNG demand. For investors, this backlog provides a significant revenue cushion for the next three to four years.
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