Samsung Heavy Industries wins $300 mln orders

Samsung Heavy Industries Co., a major shipbuilder of South Korea, said Friday it has obtained combined $300 million orders for three vessels.

Under the deal with BW, a global shipping company, Samsung Heavy Industries will deliver a Liquefied Natural Gas Floating Storage Regasification Unit (LNG-FSRU) by 2016, the shipbuilder said.

The South Korean firm said it also signed a contract with a European shipping company to provide two petrochemical carriers.

The shipbuilder has won orders worth $12.6 billion so far this year, achieving 97 percent of its 2013 order target of $13 billion, it said. (Yonhap News)