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Samsung Heavy wins US$2.5 bln order from Europe

10:50 November 23, 2020

By Nam Kwang-sik

SEOUL, Nov. 23 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has signed a US$2.5 billion deal with a European company to provide ship blocks and other equipment.

The deal, the largest order ever the shipyard has clinched, will be finalized in December 2025, Samsung Heavy Industries said in a regulatory filing.

So far this year, Samsung Heavy has secured orders worth $3.8 billion, achieving 45 percent of its annual order target for the year.

With the deal, Samsung Heavy's order backlogs also rose to $21.1 billion.

Samsung Heavy also said chances are high that it will get additional orders for large-scale liquefied natural gas (LNG) projects in Mozambique and Qatar.

This photo provided by Samsung Heavy Industries Co. shows a shuttle tanker built by the shipbuilder. (PHOTO NOT FOR SALE) (Yonhap)

ksnam@yna.co.kr
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