[SHI Press release/ July 17, 2023] Samsung Heavy Industries(SHI) has signed a large-scale eco-friendly shipbuilding contract worth nearly KRW 4 trillion and is getting closer to achieving its target for three consecutive years.

SHI announced on the 17th that it had won an order for sixteen 16,000 TEU class methanol-powered container ships from an Asian ship owner.

The order amount is KRW 3,959.3 billion, the largest ever for a single shipbuilding contract. This broke the previous record (12 LNG carriers, KRW 3.331 trillion) set by SHI in June of last year. These vessels are scheduled to be delivered by December 2027.

With this contract, SHI has increased its order intake this year to a total of 25 ships, worth USD 6.3 billion and achieved 2/3 (66%) of its annual target of USD 9.5 billion at once. The order balance has grown to $33.6 billion, achieving the highest level in the past five years.

※ Order balance: USD 23 bn in 2019 → 22.2 bn in 2020 → 25.3 bn in 2021 → 29.5 bn in 2022