Samsung Heavy Inks $500 Million LNG Carrier Deal, Pushing 2025 Orders to $7.4 Billion
Samsung Heavy Industries has secured a $500 million order for two LNG carriers, bringing its 2025 order total to $7.4 billion, or 76% of its annual target. The company's backlog now stands at $28.3 billion.
Samsung Heavy Industries Co. announced Tuesday it has secured a Samsung Heavy Industries order to build two liquefied natural gas (LNG) carriers for a shipper in the Oceania region. The deal brings December 23's year-to-date orders to $500 million, achieving of its annual target.
Nearing Annual Target
In a press release, the company stated the two LNG carriers will be delivered to the unidentified client by . This latest deal provides a significant boost to 's push to meet its order target for the year, with just over a week remaining.
A Three-Year Backlog Bolsters Outlook
As of Tuesday, the South Korean shipbuilder's total order backlog stands at , valued at a substantial . This backlog is expected to keep its main shipyard in Geoje busy for the next three years, providing a stable foundation for future revenue.
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