Samsung Heavy bags order for four LNG-powered containerships

South Korean shipbuilding giant Samsung Heavy Industries will build four LNG-powered container vessels as part of a new deal revealed on Friday.

Samsung Heavy said the contract has a price tag of 609.1 billion won ($494 million).

Moreover, the yard said it would build the LNG dual-fuel containerships for an owner based in Europe.

Samsung Heavy added it would deliver the ships by December 2024, but it did not reveal any additional information regarding the contract.

This marks the second order for the shipbuilder in 2022 that has set an order target of $8.8 billion this year.

Previously, it secured a contract for four LNG carriers. Including these containers vessels, Samsung Heavy secured orders for eight ships worth about $1.3 billion.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. This included orders for 22 LNG carriers.

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