SEOUL, 15 Feb. (Yonhap) – Samsung Heavy Industries on Monday announced that it had signed a 781 billion won ($ 707 million) contract to build five container ships powered by liquefied natural gas (LNG).
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As part of the deal with an Asian company, the 15,000 TEU (twenty-foot equivalent) container ships will be delivered by July 2023, Samsung Heavy Industries said in an emailed statement.
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The shipbuilder did not disclose the name of the buyer.
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“This year is expected to see an increase in new orders for green container ships thanks to the growing demand for the replacement of old ships,” said Samsung Heavy Industries.
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The firm has booked orders worth $ 1.3 billion, or 10 ships, including nine container ships, so far this year.
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The order amount represents 17% of the shipbuilder’s target for 2021, worth $ 7.8 billion, 42% more than its $ 5.5 billion in orders in 2020.
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Samsung Heavy Industries stock on the Seoul Stock Exchange rose 2.78% to 6,660 won at 9.49am.
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