South Korean shipbuilder Samsung Heavy Industries has more than doubled its quarterly net profit by homing in on high-margin LNG carriers and floating LNG production units.
SHI reported a net third-quarter profit for the period to the end of September of KRW 71.4bn ($51.7m), up from KRW 35.6bn in the same three months of 2023.
“Increased orders for value-added ships, such as liquefied natural gas carriers and floating LNG facilities, propped up the bottom line,” the company said.
