February 14, 2007
Samsung books $400 million FPSO order
Korea's Samsung Heavy Industries Co. has received an order worth US$400 million order to build a floating production storage and off-loading ship for an undisclosed Norwegian owner.
Samsung says 58 percent of the deal (around 222 billion won or $236 million) is denominated in Korean won, as part of efforts to cut currency losses. The won gained around 9 percent against the U.S. dollar last year.
The ship is set for January 2010 delivery.