# 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.*

**Published:** October 3, 2026  
**By:** Hyun-jung Lee  
**Section:** Shipbuilding & Defense — South Korea  
**Format:** Breaking  
**Confidence:** high  
**Source:** https://eastasiabrief.com/shipbuilding/samsung-heavy-secures-494-million-deal-two-lng-carriers-499  
**Publisher:** East Asia Brief (https://eastasiabrief.com/)

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## What to know

- Contract adds 672.2 billion won for two LNG carriers, reaching 20 gas vessels in 2026
- Samsung Heavy books $8.0 billion in commercial orders, 140% of its annual target
- Delivery scheduled for May 31, 2029 from Geoje Dry Dock No. 3

![Two workers review blueprints aboard a vessel under construction at a shipyard building liquefied natural gas carriers. (AI-generated image)](https://eastasiabrief.com/media/2026-10-03-2e89e35eee88.webp)
*Two 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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Cite as: East Asia Brief, "Samsung Heavy secures $494 million deal for two LNG carriers by 2029," October 3, 2026. https://eastasiabrief.com/shipbuilding/samsung-heavy-secures-494-million-deal-two-lng-carriers-499