Samsung Heavy Industries Scores Jackpot with 2.8099 Trillion KRW Order

Largest Single Shipbuilding Order Ever
Contract Signed with Panama Shipowner for 20 Container Ships

1,3000 TEU-class container ship built by Samsung Heavy Industries

[Asia Economy Reporter Choi Dae-yeol] Samsung Heavy Industries has signed the largest single shipbuilding contract in its history. The company announced on the 26th that it signed a contract to build 20 container ships of 15,000 TEU class (1 TEU equals one 20-foot container) with a Panama-based shipowner for 2.8099 trillion KRW.

The container ships ordered this time will be equipped with fuel-saving technology and the company's independently developed next-generation smart ship solution, S-Bessel. The company stated that the ships are scheduled to be delivered sequentially by June 2025.

Including the recently ordered three Suezmax-class crude oil tankers, Samsung Heavy Industries has secured a total of 42 ships worth 5.1 billion USD (approximately 5.7 trillion KRW) so far. This accounts for about two-thirds of this year's target of 7.8 billion USD, achieved before the end of the first quarter. The order backlog has increased to 25.8 billion USD, the highest level in the past five years.

A Samsung Heavy Industries official said, "Since the beginning of this year, with the recovery of maritime cargo volume and freight rate increases, the global ordering environment has improved, and we are continuing to secure orders mainly for container ships and crude oil tankers."

According to market analysis firm Clarkson Research, out of 66 large container ships of 12,000 TEU class or above (Neo-Panamax class) ordered worldwide this year, Samsung Heavy Industries secured half, 34 ships. The company explained that over the past three years since 2019, it has also achieved the highest level with 40 ships, accounting for 29% of the total 138 ships.

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