Latest Samsung Heavy Industries News & Updates

See the latest news and media coverage for SHI. We track all announcements, press releases, and industry mentions in real time, all in one place.

Samsung Heavy Industries (SHI)

Shipbuilding and offshore engineering company

samsungshi.com

Headquarters: 성남시, South Korea
Founded year: 1974
Company type: Public company
Number of employees: 5,000–10,000
Industry: Shipbuilding

Last updated July 30

Latest news about Samsung Heavy Industries (SHI)

In short: SHI more than doubled Q3 operating profit to $165m on offshore sales, with orders hitting $11.9B, amid legal and contract setbacks.

Company announcements

July 30 SHI

SHI partners with three firms for autonomous navigation

Samsung Heavy Industries signed an MoU with Evergreen, ClassNK, and WNI. The alliance integrates weather data into their SAS system to enhance safety and reduce emissions.

July 29 SHI

SHI partners with Sargent & Lundy to develop standardized floating small modular reactors

The collaboration combines SHI's offshore engineering expertise with S&L's nuclear design capabilities, accelerating commercialization and regulatory alignment for global offshore energy markets.

June 17 SHI

Samsung Heavy Industries to Enter U.S. Market with Floating Data Center

Samsung Heavy Industries will obtain FDC conceptual design certification and sign an MOU with ABB at DCW 2026, pushing for commercialization.

June 5 SHI

Samsung Heavy Industries Signs Contract for US FLNG Project

The contract, signed on September 9 in Washington DC, is expected to be a milestone in Korea-US energy cooperation.

Media coverage

23 October 2025 Lloyd's List

Samsung Heavy doubles operating profit by offshore project sales surge

Third-quarter operating profit reached $165m, driven by a decrease in sales of low-priced vessels and an increase in sales of high-margin offshore facilities Source: Samsung...

14 June 2024 Hellenic Shipping News Worldwide

Russian shipowner unilaterally terminates $3.5bn contract with SHI

Samsung Heavy Industries (SHI), one of South Korea's big three shipbuilders, has been notified by a Russian shipowner that orders worth 4.852 trillion won (about...

15 October 2023 Supply Chain Brain

SHI to Pay $290M to SK Shipping Over LNG Defects

The South Korean shipbuilding giant Samsung Heavy Industries (SHI) received a court order to pay roughly $290 million to SK Shipping due to defects found...

15 October 2023 Business Wire

Black & Veatch Receives Full Notice to Proceed for Canada's First FLNG Project

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch, in partnership with high-tech shipbuilder Samsung Heavy Industries (SHI), has received...

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