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Samsung Heavy Wins US$705.6 MLN Order to Build a Drill Ship

samsung heavy industries co., the world's second﹣largest shipyard, said monday that it has received an order to build a drill ship for 739.2 billion won (us$705.6 million). the deal with a u.s shipping company calls on samsung heavy industries to deliver the vessel by january 2012, the company said in a regulatory filing. shares of samsung heavy industries were trading at 38,250 won on the seoul bourse as of 1:43 p.m., up 2.68 per cent from the previous session. shipyards in south korea, the world's largest shipbuilding nation, have won record orders over the past few years as demand for vessels to carry fuel and consumer goods has outstripped supply.
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