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Samsung Heavy Books Two LNG Carriers in $500m Deal

Samsung Heavy Industries signed a 743 billion won contract for two LNG carriers with an Oceania-based owner. Delivery is due by March 2029, lifting annual orders to 41 vessels worth about $7.4 billion.

HD Hyundai to Design Peru-Specific Submarine

HD Hyundai Heavy Industries has signed a joint development contract with the Peruvian Navy and SIMA Shipyard to design a Peru-specific next-generation submarine, with an 11-month design phase starting next January.

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