Samsung Heavy Industries Wins Orders for Three LNG Carriers, Cumulative Orders Reach USD 4.7 Billion

Six LNG Carriers Ordered in May, Totaling KRW 2.3 Trillion

22 Vessels Secured This Year, Valued at USD 4.7 Billion

Samsung Heavy Industries has secured orders for three liquefied natural gas (LNG) carriers, bringing its total order intake for the year to USD 4.7 billion as of May 18, 2026.

LNG carrier built by Samsung Heavy Industries. Samsung Heavy Industries

On May 18, Samsung Heavy Industries announced that it had won an order for three LNG carriers from a shipping company in the Oceania region. The contract amount is KRW 1.1242 trillion.

This month alone, Samsung Heavy Industries has recorded orders totaling KRW 2.3595 trillion, including one LNG floating storage and regasification unit (LNG-FSRU) and five LNG carriers. In the LNG carrier sector, the company has already surpassed last year’s order volume of 11 vessels, even before the end of the first half of the year.

Samsung Heavy Industries’ cumulative order performance for 2026 now stands at a total of 22 vessels, amounting to USD 4.7 billion. By vessel type, this includes 12 LNG carriers (including one LNG-FSRU), two ethane carriers, two gas carriers, two container carriers, and four crude oil tankers.

A representative from Samsung Heavy Industries stated, "With ongoing geopolitical instability in the Middle East, the importance of energy security and supply chain diversification is growing, and demand for high-efficiency LNG carriers is also increasing. We will continue to actively respond to customer demand and maintain our order momentum with our proven LNG carrier construction capabilities and competitive quality."

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