Samsung Heavy Industries plans to secure orders worth $13.9 billion in 2026

The South Korean shipbuilding company Samsung Heavy Industries (SHI) has raised its ambitions for 2026, planning to attract orders for the construction of ships and offshore structures worth $13.9 billion. This is according to documents submitted to the Korean Exchange[1][2].

Record results for 2025

In 2025, the company demonstrated its highest profitability in over a decade. Consolidated revenue amounted to approximately $7.34 billion, operating profit was $594 million, and net profit was $369 million. These figures exceeded forecasts[1].

Goals for 2026

For the next year, SHI aims to achieve revenue of $8.83 billion (or 12.8 trillion won, +21.9% compared to the 2025 forecast). The main focus is on the offshore segment: the company expects to secure orders for four FLNG units (floating liquefied natural gas plants) with a total value of $8.2 billion, including two postponed orders. Orders for commercial vessels will remain at $5.7 billion[1][2].

Market context

Analysts note high visibility for revenue growth due to previously secured orders. FnGuide forecasts a 44.9% increase in operating profit for the three largest shipbuilders in South Korea (including SHI) in 2026, reaching $4.6 billion. For SHI, a profit increase of 66% to $1 billion is expected[1][5].

Samsung Heavy Industries specializes in the construction of LNG tankers, floating production units, and high-tech marine structures. The main shipyard is located in Geoje[1].