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Samsung Heavy Adds Two More Crude Tankers at HSG Sungdong

Samsung Heavy Industries has signed a new contract with HSG Sungdong Shipbuilding for two more crude oil tankers, lifting the shipbuilder’s workload to a total of four Samsung-ordered vessels.
Phogo: HSG Sungdong Shipbuilding

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Samsung Heavy Industries has signed a further shipbuilding contract with HSG Sungdong Shipbuilding for two additional crude oil tankers, continuing its cooperation with domestic small and mid-sized shipyards under a mutual growth approach.

The company said that on the 16th it entered into the latest agreement with HSG Sungdong Shipbuilding at the Samsung Heavy Industries Geoje Shipyard. The signing ceremony was attended by Namkoong Geumseong, vice president and head of the Geoje yard, HSG Sungdong Shipbuilding CEO Kim Hyun-ki, and other officials from both sides.

See also: Samsung Heavy Launches Complete Newbuild Outsourcing Model

The two companies had already concluded a contract last month for the construction of two crude oil tankers. With this new order, the number of crude oil tankers awarded by Samsung Heavy Industries to HSG Sungdong Shipbuilding increases to four.

According to Samsung Heavy Industries, this series of projects is enabling HSG Sungdong Shipbuilding to broaden its business scope while securing a stable workload.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
At its Vancouver forum, Samsung Heavy Industries outlined plans to adapt a common FLNG design to individual projects and discussed financing and local cooperation with around 100 participants.
Senator Dave McCormick visited Hanwha Ocean’s Geoje shipyard for Korea-U.S. cooperation talks covering links with Hanwha Philly Shipyard, vessel design, workforce development and shipbuilding supply chains.
Korean shipbuilders are reporting strong profits and large order backlogs but face labor disputes, currency pressure and limited progress in Korea-U.S. shipbuilding cooperation.

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