Samsung: Samsung Heavy Industries Co., a major South Korean shipyard, announced on Wednesday that it has secured a significant contract valued at 1 trillion won (US$664 million) to construct five ships, comprising oil tankers and other vessels.

According to Yonhap News Agency, the contract was signed with an undisclosed client based in Bermuda. The agreement entails the construction of one liquefied natural gas (LNG) carrier, two very large gas carriers, and two crude oil tankers. Further details regarding the contract and the client have not been disclosed by Samsung Heavy Industries.

This latest deal adds to Samsung Heavy's impressive portfolio for the year. To date, the company has secured contracts worth $5.4 billion, which encompass the construction of 27 ships. These include 13 LNG carriers, two container vessels, and six crude tankers, marking a fruitful year for the shipyard in terms of securing substantial maritime projects.