Samsung Heavy Lands Order for 6 Containerships Amounting to 1.1 trillion Won

Samsung Heavy
The 20,150 TEU-class MOL Triumph, the world’s largest container ship built by Samsung Heavy Industries.

Samsung Heavy Industries announced on September 26 that the company won a 1,118 trillion won (US$1.0 billion) order for six container ships from a European ship owner. The delivery date is December 31, 2019.

The contract was not disclosed at the behest of the shipowner but it is presumed that the shipbuilder received the work from the world’s second-largest shipping company Swiss MSC. The size is 22,000 TEUs. Earlier MSC placed an order for five container ships with DSME.

According to the shipbuilding industry and foreign news services, MSC has been expected to order 5 vessels from DSME and 6 from Samsung Heavy Industries since last month.

Samsung Heavy received the largest order since landing an order for ten 8,000 TEU-class container vessels worth one trillion won from Evergreen in Taiwan in 2010.

This order empowered Samsung Heavy Industries to reach its annual order target by signing order contracts worth about US$6.5 billion for a total of 24 vessels this year, excluding contracts that had already been confirmed. “Our order target for this year is US$6 billion, slightly higher than last year’s US$5.3 billion,” Park Dae-young, president of Samsung Heavy Industries, explained earlier this year.

The Original Posted by Jung Min-hee/Business Korea