[THE INVESTOR] Samsung Heavy Industries had inked a 420 billion won (US$380 million) deal to build two LNG carriers, the first in almost one year, the company said on Sept. 30.

The deal with a European customer came as local shipyards are suffering from a sharp decline in new orders amid a protracted industry-wide slump.

 

Samsung Heavy is also set to win more deals valued at a combined 3 trillion won, including from a contract to build offshore facilities.

Samsung Heavy is targeting $5.3 billion worth of orders for the year and has met 7.2 percent of its annual order target.

(theinvestor@heraldcorp.com)