Samsung Heavy bags 346.6 bln-won order for 2 shuttle tankers

▲ A shuttle tanker built by Samsung Heavy Industries Co. (PHOTO NOT FOR SALE) (Yonhap)

Samsung Heavy-order

Samsung Heavy bags 346.6 bln-won order for 2 shuttle tankers

SEOUL, Nov. 22 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Tuesday it has won a 346.6 billion-won (US$255 million) order to build two shuttle tankers for an Oceanian shipper.

Samsung Heavy said in a regulatory filing that it will deliver the vessels to the undisclosed shipping company in stages by the end of June 2025.

A shuttle tanker is designed to transport oil from an offshore oil field to a storage tank and equipped with a variety of offloading equipment.

The shipyard has clinched $8.1 billion worth of orders so far this year, or 92 percent of its yearly order target at $8.8 billion.

Samsung Heavy, the world's third-largest shipbuilder by order backlog, is the shipbuilding arm of South Korea's largest family-controlled conglomerate Samsung Group, whose flagship is Samsung Electronics Co.

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