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THE INVESTOR
September 18, 2019
Big Reunion

Industrials

Samsung Heavy wins $120m deal for special-purpose ship

  • PUBLISHED :July 01, 2019 - 14:05
  • UPDATED :July 01, 2019 - 14:05
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Samsung Heavy Industries, a major South Korean shipbuilder, said on July 1 that it has clinched a $120 million deal to build a special-purpose vessel for a European company.

The shipbuilder said it is set to deliver the vessel to the client by March 2022. Samsung Heavy declined to identify its client and the nature of the special-purpose ship.


With the latest order, Samsung Heavy said it has so far achieved 41 percent, or $3.2 billion, of this year’s annual target of $7.8 billion worth of orders -- a 28 percent increase from the $2.5 billion secured in the same period last year.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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