Shipbuilding firm Samsung Heavy Industries (SHI) has secured a $1.7bn order from an unnamed Eurasia-based company to provide design, parts and blocks for seven shuttle tankers.
In a regulatory filing, SHI revealed that it is expected to supply the parts for the tankers by January 2027.
Shuttle tankers are oil tankers that operate as the crude oil carriers between offshore oilfields and oil plants on land.
SHI has secured $10.3bn worth of orders so far this year, surpassing its order target of $9.1bn by 13%, reported Yonhap News Agency.
In addition, Korea Shipbuilding and Offshore Engineering (KSOE) signed a shipbuilding contract worth $350.4m (KRW416bn) with a shipping firm in the Marshall Islands for the construction of two container carriers.
As agreed, KSOE’s unit Hyundai Samho Heavy Industries will be responsible for building the vessels.
The order is expected to be delivered by April 2024.
Furthermore, last week, DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD (DSME) secured a $542m (KRW640.8bn) order to build four container carriers.