Samsung wins big tanker order
Samsung Heavy Industries has won a $500 million deal to build nine oil tankers. Under the deal with a Greek shipping firm, Samsung Heavy will deliver the 115,000 dwt vessels by July 2012.
Samsung did not reveal the name of the buyer and said it may receive an additional order from the shipping firm to build three more vessels. The Korean shipbuilder has won deals valued at $2.5 billion so far this year, with its order backlog reaching $42 billion. It is targeting $8 billion worth of orders for the year.