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Samsung Heavy bags W804b order for 5 container carriers in Asia

Fact Checked by TDPel News Desk
By Pelumi Emmanuel

Samsung Heavy Industries Co., the world’s No. 3 shipbuilder by order backlog, said Monday it has clinched a 804 billion-won ($656 million) order to build five large container ships in Asia.

Samsung Heavy said it has obtained the order to build the 13,100 twenty-foot equivalent unit container carriers from an unidentified Asian shipper by 2024, the company said in a statement.

The container vessels will have such top-of-the-line equipment as the selective catalytic reduction and ballast water treatment systems, Samsung Heavy added.

With this latest order, Samsung Heavy has already won orders worth $2 billion this year, or 23 percent of its yearly order target of $8.8 billion.

In 2021, Samsung Heavy, the shipbuilding arm of South Korea’s top conglomerate Samsung Group, bagged $12.2 billion worth of orders, far exceeding its target of $9.1 billion. (Yonhap)

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About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.