Samsung Heavy Industries Wins Order for Three Shuttle Tankers Worth 360 Billion Won

[Asia Economy Reporter Park So-yeon] Samsung Heavy Industries announced on the 2nd that it has secured a contract worth approximately 361.1 billion KRW to build three shuttle tankers.

Samsung Heavy Industries signed a contract on the 28th of last month with an Asian region shipowner to build three Suezmax-class shuttle tankers. These vessels will be delivered sequentially by July 2022.

According to Samsung Heavy Industries, shuttle tankers are ships that transport crude oil produced from offshore plants to onshore storage bases by loading it at sea.

They are equipped with high-value-added systems such as advanced position control devices to maintain a fixed position in the sea, which is affected by high waves and wind, allowing stable connection to offshore plant facilities, making them expensive.

Samsung Heavy Industries started building shuttle tankers for the first time in the domestic shipbuilding industry in 1995, and including this contract, it holds the number one global market share of 45% (64 out of 143 vessels).

A Samsung Heavy Industries official said, "We will strengthen our market dominance by reducing ship operating costs using smart technology and applying eco-friendly solutions that comply with environmental regulations."

Samsung Heavy Industries set its order target for this year at 8.4 billion USD, 18% higher than last year's performance (7.1 billion USD).

This content was produced with the assistance of AI translation services.