Samsung Heavy secures $494 million deal for two LNG carriers by 2029
The 672.2 billion won contract brings the shipbuilder's 2026 commercial backlog to $8 billion, exhausting high-value delivery slots at its Geoje dry dock through May 2029.
HLBy Hyun-jung Lee, Korea correspondent, shipbuilding and defense··Updated October 3, 2026·3 min read
ShareLinkedInXWhatsAppEmailTwo workers review blueprints aboard a vessel under construction at a shipyard building liquefied natural gas carriers. (AI-generated image)
Samsung Heavy Industries signed a 672.2 billion won ($494.4 million) contract on Oct. 2, 2026, to build two liquefied natural gas carriers for an undisclosed Asian shipowner.
The deal represents 6.3% of the company's 2025 consolidated revenue of 10.65 trillion won. Contract values were converted at a base exchange rate of 1,359.60 won per dollar, the shipbuilder said.
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Korea correspondent, shipbuilding and defense — Hyun-jung Lee reports on Korean yards, order books and naval programs, and on the defense export contracts that increasingly sit alongside them.
