Tuesday, June 21, 2011
Samsung order binge continues
Samsung Heavy Industries is forecast to continue its order intake spree in the second half of the year.
Dongbu Securities Kim Hong-gyun analyst said, "Samsung has inked $10.5bn new orders so far this year, attaining 87.4% of its annual order target of $12bn, set at the beginning of the year."
"In the second half the shipbuilder will continue to win a considerable amount of new orders."
He even says Samsung's adjusted target of $15bn orders is quite conservative.
Kim said the South Korean shipbuilding giant is believed to win crude carriers within this month and Utopia cruiseship in the third quarter.
Drillship options stand at eight and four LNG carrier options are remaining.
He also pointed out offshore facilities will lead Samsung's performance improvement as Royal Dutch Shell is already showing signs of 2nd LNG-FPSO project.
Published : June 21, 2011