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Samsung Heavy Industries Wins 273.4 Billion Won Oil Tanker Order in Oceania... Stock Closes 5.27% Lower

Samsung Heavy Industries has successfully won a contract worth 273.4 billion won to construct oil tankers from a shipowner in the Oceania region. However, on th

Wooil Shim
Staff Reporter
4 min read
Samsung Heavy Industries Wins 273.4 Billion Won Oil Tanker Order in Oceania... Stock Closes 5.27% Lower
CBC News

Samsung Heavy Industries has successfully won a contract worth 273.4 billion won to construct oil tankers from a shipowner in the Oceania region. However, on the 7th, its stock price fell by 5.27%, showing a trend of attempting a rebound.

According to the Financial Supervisory Service's electronic disclosure system, Samsung Heavy Industries announced on the 2nd through a single sales & supply contract disclosure that it signed a contract to build two oil tankers with a shipowner in the Oceania region. The contract amount is 273.4 billion won, calculated using the base exchange rate as of the contract date (1,548.4 won per dollar). This is equivalent to 2.6% of Samsung Heavy Industries' most recent consolidated revenue (10.65 trillion won) based on its 2025 consolidated financial statements. The company explained that this contract falls under the large-scale corporate disclosure category and that there is no reason to withhold the disclosure.

The contract period runs from July 1, 2026, to June 30, 2029. The contractual end date is based on the vessel delivery date and may vary depending on future construction progress. Payments will be made sequentially according to the progress of construction, and it has been confirmed that the contract includes deposits and advance payments. Meanwhile, on the 7th, Samsung Heavy Industries' stock price closed at 22,450 won, down 1,250 won from the previous trading day. This represents a 5.27% decline from the previous day.

[This article was written for informational purposes and does not recommend buying or selling any specific stock. Stock investing carries the risk of principal loss, and the final decision and responsibility for investing lie with the investor. It is recommended to verify sufficient information and consult with an expert before making investment decisions. This article was written with the assistance of AI (artificial intelligence) tools.]

Wooil Shim
Staff Reporter

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