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(LEAD) Samsung Heavy bags US$364 mln order for 4 shuttle tankers

All Headlines 15:58 June 01, 2018

(ATTN: UPDATES with details)

SEOUL, June 1 (Yonhap) -- Samsung Heavy Industries Co., a major South Korean shipbuilder, said Friday it has clinched a deal worth 392.3 billion won (US$364 million) to build four shuttle oil tankers.

Under the deal signed with Singaporean firm AET on Thursday, Samsung Heavy is set to deliver the four vessels by October 2020, the company said.

A shuttle tanker is a ship designed to transport oil from an offshore oil field to a storage tank and is equipped with a variety of offloading equipment.

Samsung Heavy said it has received $2.3 billion worth of ship orders so far this year, amounting to 24 vessels.

On Friday, shares in Samsung Heavy fell 0.27 percent to 7,470 won, underperforming the broader KOSPI's 0.66 percent gain.

Samsung Heavy Industries Co.'s shipyard on Geoje Island (Yonhap)

entropy@yna.co.kr
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