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Saturday, October 1, 2016

$630m Drill Ship is Korea's Most Expensive Ship

December 29, 2006

The most expensive ship among the orders Korean shipbuilders have won this year is a $630m drill ship. Samsung Heavy Industries (010140.KS) won a contract from Sweden in October to build the 97,000-ton drill ship, which is 228 m long and 19 m tall. In terms of price, the ship costs the equivalent of five 300,000-ton crude oil carriers (VLCCs) or two or three LNG ships.

The next most expensive orders were also for drill ships, worth $550-590 million in second to fifth, which were won by Samsung Heavy Industries from European countries including Norway. Excluding drill ships, a $284 million LNG ship is the most expensive order, won by Samsung Heavy Industries from Qatar in March. The next are a $283 million LNG vessel and a $280 million LNG-RV or regasification vessel which were won by Daewoo Shipbuilding and Marine Engineering from Qatar and Samsung Heavy Industries from Norway. Source: Digital Chosun



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