Business

Seoul (South Korea), March 28: Samsung Heavy Industries Co., the world's No. 3 shipbuilder by order backlog, said Monday it has clinched a 804 billion-won (US$656 million) order to build five large container ships in Asia.
Samsung Heavy said it has obtained the order to build the 13,100 twenty-foot equivalent unit container carriers from an unidentified Asian shipper by 2024, the company said in a statement.
The container vessels will have such top-of-the-line equipment as the selective catalytic reduction and ballast water treatment systems, Samsung Heavy added.
With this latest order, Samsung Heavy has already won orders worth $2 billion this year, or 23 percent of its yearly order target of $8.8 billion.
In 2021, Samsung Heavy, the shipbuilding arm of South Korea's top conglomerate Samsung Group, bagged $12.2 billion worth of orders, far exceeding its target of $9.1 billion.
Source: Xinhua