Samsung Heavy Industries secured an order for seven container carriers valued at ₩1.92 trillion ($1.4 billion) from an unidentified Asian shipowner, the Seoul-based yard disclosed Thursday in a regulatory filing. The contract represents roughly 19% of its most recent annual revenue.
The vessels are scheduled for delivery between late 2025 and late 2029, with Samsung Heavy now having booked $6.9 billion in orders this year—reaching 70.4% of its $9.8 billion annual target. The shipbuilder has secured 39 vessels year-to-date, including LNG carriers, shuttle tankers, ethane carriers and crude tankers, along with preliminary offshore production work.
The container ship order marks a shift for Samsung Heavy, which has concentrated on higher-margin LNG carriers while Chinese yards captured 81% of global container vessel orders in 2024. Some analysts previously suggested the yard should diversify its order book as its container ship backlog declined this year.
Demand for LNG dual-fuel container ships has increased as owners seek environmentally compliant replacements. The company said it continues pursuing a profitability-focused strategy while targeting completion of a planned floating LNG project before year-end.
