Samsung Heavy Industries said on 23 December it signed a shipbuilding contract with an Oceania-based owner for two LNG carriers. The order totals 743 billion won, equivalent to about $500 million, putting the price at roughly $250 million per ship. Delivery is due to be completed by March 2029.

The contract lifts Samsung Heavy Industries’ year-to-date intake to 41 vessels worth about $7.4 billion. The total includes 9 LNG carriers, nine shuttle tankers, nine container ships, two ethane carriers, 11 crude oil carriers, and one preliminary FLNG contract.

In merchant vessels, the yard said orders reached about $6.6 billion, above its annual target of $5.8 billion. In offshore, it plans to speed up follow-up work tied to the FLNG project under preliminary terms, as well as a new equipment contract.

As of 23 December, Samsung Heavy Industries reported an order book of 132 vessels with a backlog valued at about $28.3 billion.

A company representative said the yard is maintaining a profit-focused ordering approach supported by its backlog and will continue adjusting to market shifts.