Samsung Heavy Exceeds LNG Carrier Order Target by 40%

Samsung Heavy Industries has booked 20 LNG carrier orders this year, beating its target by 40%. Commercial vessel orders total $8 billion versus the $5.7 billion goal, with deliveries scheduled through May 2029.

• 20 LNG carrier orders, including one LNG-FSRU
• Commercial vessel backlog at $8 billion vs $5.7 billion target
• 48 vessels and $12.4 billion total — 89% of $13.9 billion goal
• Geoje yard to invest 10 trillion won in smart shipyard tech