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Samsung Heavy Industries has secured a major 1.65 trillion-won ($1.22 billion) shipbuilding contract covering six vessels, strengthening the South Korean shipbuilder’s 2026 order book.
The company announced Monday that the agreement includes the construction of four large liquefied natural gas (LNG) carriers and two oil tankers. Samsung Heavy disclosed the contract through a regulatory filing but did not reveal the customer’s identity, describing the buyer only as an Oceania-based client.
Investors reacted positively to the latest shipbuilding order. Samsung Heavy Industries shares climbed more than 2% following the announcement, outperforming South Korea’s broader KOSPI index, which fell about 3%.
The contract adds further momentum to Samsung Heavy’s order intake as global demand for LNG carriers and other specialized vessels remains an important part of the company’s shipbuilding business.
With the latest agreement, Samsung Heavy Industries has accumulated $11.7 billion in orders so far in 2026. That represents approximately 84% of the company’s full-year order target, putting the shipbuilder closer to reaching its annual goal with several months remaining in the year.
Samsung Heavy’s 2026 order total also includes two floating liquefied natural gas production, storage and offloading facilities, commonly known as FLNG units. Those two projects have a combined value of $4.4 billion and account for a significant portion of the company’s order backlog this year.
The latest LNG carrier and oil tanker deal highlights Samsung Heavy Industries’ continued focus on high-value vessels and offshore energy infrastructure. LNG carriers in particular remain strategically important for shipbuilders as countries expand liquefied natural gas transportation capacity and energy companies invest in global supply networks.
Samsung Heavy Industries is one of South Korea’s major shipbuilders and competes for large commercial vessel and offshore engineering contracts worldwide. The new $1.22 billion order brings the company another step closer to meeting its 2026 sales target while providing additional visibility for its future shipbuilding workload.
