South Korea’s Samsung Heavy Industries closed the third quarter with revenue of 1.8 billion dollars and an operating profit of 165 million dollars, recording an increase of 13% and 99% compared to the same period last year.
Company executives explained that the operating profit results were driven by a decrease in sales of low-cost container ships and an increase in those in the offshore sector.
According to SHI, total sales for the year will exceed the initial forecast of 7.2 billion dollars, set at the beginning of 2025.
So far, SHI has received orders for 27 ships, with a total value of 5 billion dollars, equal to 51% of its target of 9.8 billion dollars for the year.
The company has received orders for the following types of ships: seven LNG carriers, nine tankers, two container ships, six oil tankers, and one offshore production plant.
