SHI wins $755m order to build eight containerships

9 February 2018 (Last Updated February 9th, 2018 12:43)

Samsung Heavy Industries (SHI) has secured an order worth a total of KRW820bn ($755m) from an undisclosed Asian customer to build eight new containerships.

SHI wins $755m order to build eight containerships
Samsung Heavy Industries Pangyo R&D Center. Credit: Samsung Heavy Industries co.

Samsung Heavy Industries (SHI) has secured an order worth a total of KRW820bn ($755m) from an undisclosed Asian customer to build eight new containerships.

The neo-panamax vessels will be 334m-long, 48.4m-wide and feature capacities of 12,000 twenty-foot equivalent units (TEUs) each.

Deliveries of the vessels are scheduled to take place by May 2021.

The latest deal brings the total number of orders received by SHI for 2018 to KRW1tn ($921m).

"SHI will differentiate from competitors with class-leading risk management and market leadership in North Sea, West Africa, and Australia, where new projects are underway."

SHI said in a statement: “SHI has an outstanding track record in LNG carriers, containerships, as well as offshore facilities, where SHI dominates the market since 2015.

“SHI will differentiate from competitors with class-leading risk management and market leadership in North Sea, West Africa, and Australia, where new projects are underway.”

SHI previously won an order from a consortium comprising Marubeni, Sojitz, and Pertamina in October last year to build a liquefied natural gas (LNG) powered floating storage and regasification unit (FSRU).

The KRW250bn ($230m) deal will see SHI build a 170,000m³ LNG-FSRU, which is a specialised vessel-like facility that regasifies LNG offshore before directly supplying it onshore.

The FSRU will feature SHI’s recently developed regasification system, S-Regas (GI), which has been designed to minimise the chance of corrosion from traditional methods of heating LNG directly with seawater.

It is said to be capable of achieving energy savings of 5%.