Samsung Heavy Industries announced it has secured a 377.9 billion won ($253 million) contract to build a liquefied natural gas carrier for a shipping company in Oceania, with delivery scheduled by April 2029, significantly boosting its shipbuilding portfolio.

Samsung Heavy Industries said Friday it has opened its first research hub in the United States in partnership with San Diego State University, aiming to strengthen technological cooperation and support the revival of the US shipbuilding industry. The new facility, named the SHI-SDSU Advanced Maritime Center (SSAM Center), was established in San Diego. The opening ceremony was attended by about 60 officials, including Samsung Heavy Industries Chief Operating Officer Lee Wang-keun, SDSU Vice Presi