+ A

Samsung Heavy Industries secures $240 million deal

July 04,2017
Samsung Heavy Industries said Monday it has clinched a $240 million deal to build two shuttle oil tankers. The company will build the vessels for AET, an affiliate of Malaysian shipping firm MISC, by January 2020.

A shuttle tanker is a ship designed to transport oil from an offshore oil field to a storage tank.

So far this year, Samsung Heavy has secured deals valued at a total of $5.06 billion. YONHAP