South Korean shipbuilding major, Samsung Heavy Industries (SHI) has won $240 million contract to construct two very large ammonia and liquefied petroleum gas (LPG) carriers for a shipping company based in Oceania.
The agreement mandates Samsung Heavy to complete and deliver the ammonia carriers to an undisclosed client in the Oceania region by June 2027.
This recent contract brings the total orders secured by the company in the current year to $6.8 billion, marking a significant stride towards its annual order target of $9.5 billion.
Samsung Heavy Industries maintains a robust three-year order backlog valued at $31.9 billion, Yonhap reported.
South Korean shipbuilders have secured a growing number of orders over the recent period for ammonia carriers including those of record-breaking capacity.
In September, South Korean shipbuilding major HD KSOE signed contracts for the world’s first four 88,000 cbm very large ammonia carriers (VLACs) with Capital Gas and Singapore’s Eastern Pacific Pte (EPS).
These vessels distinguish themselves from conventional very-large gas carriers as they are designed with significantly increased ammonia loading capacity in the cargo tanks.
Specifically, the new tanks will allow them to carry ammonia up to 98% of cargo tank capacity. The VLACs are scheduled to be delivered by the second half of 2027.World Maritime News
