Samsung Heavy Industries Wins 750.5 Billion Won Order for Two LNG Carriers

, a major South Korean shipyard, said Thursday it has secured a contract worth 750.5 billion won (US$504 million) to build two liquefied natural gas carriers. The company reported in a regulatory filing that it signed the deal with an unidentified client based in Oceania.

The two vessels are scheduled to be delivered by June 2029. The latest order adds to contracts the shipbuilder has already won in 2026. So far this year Samsung Heavy has secured deals totaling $3.9 billion for 19 ships, including nine LNG carriers, two container vessels and four crude oil carriers.

The company did not disclose the identity of the client or other commercial terms of the agreement. liquefied natural gas carriers are specialized vessels designed to transport LNG at temperatures of minus 163 degrees Celsius. The shipyard has been a leading builder of LNG carriers for global energy companies seeking to expand seaborne trade of the fuel.

Industry data show South Korean yards have maintained a dominant share of the global LNG carrier order book in recent years. A liquefied natural gas carrier built by Samsung Heavy Industries Co. is seen in this photo provided by the shipbuilder.