en.Wedoany.com Reported - On May 4, South Korea's Samsung Heavy Industries announced it had signed a construction contract with an Asian shipowner for one Floating Storage and Regasification Unit (FSRU), with an order value of KRW 484.8 billion (approximately USD 330 million / approximately RMB 2.25 billion).

Market sources indicate the order comes from Malaysia International Shipping Corporation (MISC) and will be equipped with Samsung Heavy Industries' independently developed regasification system (S-Regas).

FSRUs are referred to as offshore LNG receiving terminals, primarily used in regions with surging energy demand or where building onshore terminals is difficult. As the construction cycle for an FSRU is shorter than that of an onshore terminal, this type of unit is gradually becoming one of the energy supply solutions against the backdrop of the booming Artificial Intelligence (AI) industry.

A relevant person from Samsung Heavy Industries stated: "With the recent increase in demand for securing energy infrastructure, FSRUs can be the fastest and most practical alternative."

To date, Samsung Heavy Industries has cumulatively secured 17 new ship orders worth approximately USD 3.4 billion, including 1 LNG-FSRU, 6 LNG carriers, and 2 Very Large Ethane Carriers (VLECs).

In addition to announcing the new ship order, Samsung Heavy Industries recently disclosed its performance for the first quarter of 2026, achieving operating revenue of KRW 2.9023 trillion, a year-on-year increase of 16.4%, and operating profit of KRW 273.1 billion, a year-on-year surge of 121.9%; net profit was KRW 100.1 billion, a year-on-year increase of 11.1%. The company attributed the sharp year-on-year increase in operating profit to the increased construction volume of high-margin flagship vessel types such as LNG carriers.

Despite the increase in shipbuilding capacity in the first quarter, Samsung Heavy Industries still faces capacity constraints. To address this, the company has decided to reactivate its idle No. 2 dock to increase commercial ship construction volume, which is expected to be used for building high-margin vessel types such as VLECs, Very Large Ammonia Carriers (VLACs), and shuttle tankers.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com