South Korea: SHI Lands 1.1 Billion Shipbuilding Deal

Posted on Feb 24th, 2012 with tags .

SHI Lands 1.1 Billion Shipbuilding Deal

South Korean shipbuilder Samsung Heavy Industries has secured USD 1.1 billion contract for the construction of two drill ships. The order was placed by an American company with the delivery date scheduled for August, 2014.

So far, SHI has already secured USD 3.8 billion in newbuild orders reaching 30% of its annual order target of USD 12.5 billion for 2012.

Samsung Heavy Industries has successfully completed diverse projects With the aim of securing global leadership in various sectors including shipbuilding, offshore, engineering and construction, wind power, power and control systems. Since it launched the shipbuilding business, Samsung Heavy Industries has received orders for more than 1000 units of ships from the world’s leading shippers. The company has built the world’s largest number of ships in the drill ship and FPSO sectors. SHI has made remarkable achievements in the offshore platform sector for the development of undersea resources by producing crude oil production facilities, gas production facilities and drilling facilities.

Shipbuilding Tribune Staff, February 24, 2012

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