SHI Secures Order for Asian FPSO Unit

fpsoIllustration. Source: Flickr – under the CC BY 2.0 license; Image by: Kees Torn

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit.

The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asian shipowner.

As informed, the contract amount is equivalent to 21 percent of sales SHI recorded last year.

The FPSO will be constructed at SHI’s Geoje Shipyard and is expected to be delivered by March 2022.

Including the newest contract, the shipbuilder has so far this year secured orders for a total of seven LNG carriers and one FPSO, worth USD 2.3 billion.

SHI said it has achieved 29 percent of the 2019 order target which amounts to USD 7.8 billion.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >