Korea-based Samsung Heavy Industry (SHI) expects to make a new highest sales record in 2011, passing its sales target of KRW13trn ($12bn). The company saw a consecutive drop in sales until the second quarter of last year.
Sung Ki-jong, researcher of Daewoo Securities, said, "Samsung retains the world-class technology in the drillship field based on its abundant building experiences. It is now expanding its investment into the new growth business, wind turbine project, besides various kinds of offshore businesses." "Also, Samsung has won new orders for new concept specialized ships of LNG-FPSOs for the first time in the world, leading the specialized ship market. LNG-related new concept specialized vessels seem enough to become a long-term growth engine," he added.
Meanwhile, another shipbuilding giant in Korea, Daewoo Shipbuilding & Marine Engineering is seen to achieve KRW12trn (US$11bn) in sales this year.
Sung Ki-jong, researcher of Daewoo Securities, said, "Samsung retains the world-class technology in the drillship field based on its abundant building experiences. It is now expanding its investment into the new growth business, wind turbine project, besides various kinds of offshore businesses." "Also, Samsung has won new orders for new concept specialized ships of LNG-FPSOs for the first time in the world, leading the specialized ship market. LNG-related new concept specialized vessels seem enough to become a long-term growth engine," he added.
Meanwhile, another shipbuilding giant in Korea, Daewoo Shipbuilding & Marine Engineering is seen to achieve KRW12trn (US$11bn) in sales this year.