Samsung Heavy, Orders 16 Methanol Ships Worth 4 Trillion Won
Single Contract Hits Record High... Achieving Two-Thirds of This Year's Target
Samsung Heavy Industries has achieved two-thirds of its annual order target by signing a methanol-powered shipbuilding contract worth 4 trillion won.
On the 17th, Samsung Heavy Industries announced that it had secured an order for 16 methanol-powered container ships with a capacity of 16,000 TEU from a shipowner in the Asia region. The order amount is 3.9593 trillion won, making it the largest single ship contract in history. This surpasses the previous record set by Samsung Heavy Industries in June last year (12 LNG carriers, 3.331 trillion won).
These ships are scheduled to be delivered sequentially by December 2027.
With this contract, Samsung Heavy Industries' total orders for this year reached 25 ships, amounting to 6.3 billion dollars, which is 66% of the annual order target of 9.5 billion dollars. The order backlog also increased to 33.6 billion dollars, reaching the highest level in five years.
In particular, Samsung Heavy Industries has expanded its alternative fuel propulsion product lineup from liquefied natural gas (LNG) to methanol, which is expected to further strengthen its competitiveness in the eco-friendly ship market in the future.
Methanol is attracting attention as an alternative fuel alongside LNG because it can reduce sulfur oxide emissions by 99%, nitrogen oxide emissions by 80%, and carbon dioxide emissions by more than 20% compared to traditional ship fuel bunker C oil.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- [Breaking] Lee Targets Samsung Electronics Union: "Collective Bargaining Should Not Be Abused... There Is an Appropriate Limit"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
A Samsung Heavy Industries official said, "Based on a solid order backlog, we will continue selective orders focusing on profitability," adding, "If we secure orders for LNG carriers and FLNG (floating liquefied natural gas production facilities) projects expected to be ordered in the second half of the year, achieving the order target for three consecutive years is expected to be smooth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
