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Samsung Heavy Industries Stock Gains on $1.2 Billion Vessel Order
Shares of Samsung Heavy Industries (010140.KS) climbed on Monday after the company disclosed it had secured a significant new order valued at ₩1.65 trillion ($1.2 billion) for six large vessels.
The stock rose 2.3% to close at ₩21,900, standing out as a notable gainer while the benchmark KOSPI index fell by as much as 3% during the session.
Order Details
The contract, placed by an unspecified shipowner based in Oceania, includes the construction of four liquefied natural gas (LNG) carriers and two crude oil tankers. According to the company's disclosure, this single order's value surpasses the total for all commercial ship orders Samsung Heavy Industries received in the entirety of the previous year, signaling strong momentum for its shipbuilding division.
AdStrategic Technology Initiative
Adding to investor confidence, the company is actively promoting its advanced technology at the Gastech 2026 conference in Bangkok. Samsung Heavy Industries is seeking key industry certifications for its proprietary natural gas liquefaction system, known as SENSE, which is designed for floating liquefied natural gas (FLNG) production facilities.
The company is expected to receive an approval in principle from both the American Bureau of Shipping (ABS) and Lloyd’s Register for a conceptual design of its FLNG topside facilities. This move is seen as a critical step in establishing a competitive advantage in the high-value FLNG market.
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