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May 27, 2017

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Samsung Heavy negotiates US$900 mil. Nigeria order

SEOUL--South Korea's Samsung Heavy Industries said Thursday it had won a US$900 million order to build four gas container ships for Nigeria's Bonny Gas Transport.

Under the deal with the shipping unit of Nigeria LNG, Samsung will begin delivering the four liquefied natural gas (LNG) tankers to the African nation in 2015, Samsung said in a statement.

Nigeria LNG is a joint venture of the state-run Nigerian National Petoleum Corp. — its biggest shareholder — and other firms including Shell of the Netherlands and French energy giant Total.

Samsung — the world's second-largest shipyard — has won orders worth US$2.1 billion so far this year including the latest deal, after setting an annual target of US$13 billion for the entire 2013.

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