Samsung Heavy Industries Wins Order for Two Container Ships Worth 230 Billion KRW

[Asia Economy Reporter Hwang Yoon-joo] Samsung Heavy Industries announced on the 4th that it has secured an order for two large 13,000 TEU container ships worth a total of 230 billion KRW from shipowners in the Oceania region. The vessels are scheduled to be delivered sequentially within the first quarter of 2023.

The newly ordered ships are equipped with Selective Catalytic Reduction (SCR) systems for nitrogen oxide reduction and Ballast Water Treatment Systems (BWTS), complying with environmental regulations. They are high-efficiency smart ships capable of economical operation through various Energy Saving Devices and the smart ship solution SVESSEL.

Including this contract, Samsung Heavy Industries has recorded orders for a total of five vessels worth 600 million USD this year, comprising one LNG carrier and four container ships. This accounts for 8% of this year’s order target of 7.8 billion USD.

A Samsung Heavy Industries official stated, "With the recovery of cargo volume and freight rate increases improving shipping company profitability, the newbuilding market in the first half of this year is expected to be led by container ships," adding, "We will expand orders by leveraging our strengths such as experience in building the world’s largest container ships and differentiated eco-friendly technologies."

Meanwhile, Clarkson Research, a UK-based shipbuilding and shipping market analysis firm, is optimistic about the market improvement this year, forecasting 2021 orders at 23.8 million CGT, a 24% increase compared to 2020.

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