Samsung Heavy Industries Signs 341.1 Billion Won Oil Tanker Contract with Liberian Shipowner
Samsung Heavy Industries Signs 341.1 Billion Won Oil Tanker Contract with Liberian Shipowner
Samsung Heavy Industries (SHI) has signed a new contract valued at 341.1 billion won (approximately $237 million) with a Liberia-based shipowner for the construction of three oil tankers.
The agreement was disclosed to the public through a regulatory filing made on October 24, 2025 in South Korea.
The contract was signed on October 23, 2025 and is scheduled to be completed by March 31, 2029.
In the filing, the project was defined as "oil tankers (3 vessels)", while the counterparty was identified as "a shipowner in the Liberian region".
Scope and Financial Impact of the Agreement
The 341.1 billion won contract value represents approximately 3.4% of SHI's total revenue from the previous year.
Payment will be executed in phases, with the total amount calculated at an exchange rate of 1 dollar = 1,430.1 won on the contract date.
This contract is viewed as part of Samsung Heavy Industries' strategy to expand its stable order portfolio.
The company has been strengthening its global competitiveness in recent times, particularly in high-value-added shipbuilding projects focused on energy transportation.
Samsung Heavy Industries: Among Global Shipbuilding Leaders
Samsung Heavy Industries Co., Ltd. is a publicly listed South Korean shipbuilder operating within the Samsung Group.
The company specializes in commercial vessels, offshore platforms and vessels designed for energy transportation.
SHI operates at the Geoje Shipyard, one of the world's largest shipyards, and holds a leading industry position in the production of LNG carriers, VLCCs (Very Large Crude Carriers) and FPSO units (Floating Production Storage and Offloading).
Strategic Significance: Ongoing Demand for Energy Vessels
Oil tankers remain one of the critical links in the global supply chain for energy commerce.
As of 2025, increases in fleet renewal in energy transportation and decarbonization investments are providing a strong order flow to South Korean shipbuilders.
Experts note that with this contract, SHI will further strengthen its position in the production of high-capacity tankers equipped with environmentally friendly propulsion systems.
Conclusion: SHI Reinforces Its Position in the Global Shipbuilding Market
This new contract with the Liberian shipowner supports Samsung Heavy Industries' stable order book and global competitiveness.
The agreement also demonstrates the company's continued strategic focus on the energy transportation segment.
The three new oil tankers to be completed by 2029 will once again demonstrate SHI's technological capacity and delivery reliability.
Key Points:
Contract value: ₩341.1 billion (approximately $237 million)
Scope: Construction of 3 oil tankers
Contract period: October 23, 2025 – March 31, 2029
Counterparty: A Liberia-based shipowner
The amount corresponds to 3.4% of SHI's annual revenue.
Geoje Shipyard is positioned as the primary facility where the vessels are expected to be built.
The agreement is regarded as part of SHI's energy transportation-focused growth strategy.
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News Link: https://en.portnews.ru/news/383703/
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