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Samsung bags passenger ships order

Samsung bags passenger ships order

Seoul: South Korea's Samsung Heavy Industries Co said Thursday it has recieved a $270m order to build two luxury passenger ships for Swedish shipping company Stena AB, a ship type not normally associated with Korean yards at present.

Samsung, the world's second-largest shipbuilder by order backlog, said in a statement the company will deliver the ships to Stena by the end of 2011.

The vessels, measuring 212 metres (695 ft 6 in) long and 27 metres wide, can carry 330 passengers and 250 vehicles each, and will sail from the Netherlands to Britain, Samsung said in a statement.

The news follows on from last week's announcement by STX Shipbuilding that it would pursue cruiseship building, suggesting finally the Koreans are turning their attentions to the last bastion of European shipbuilding.  Samsung has so far secured orders for six large ferries from European customers and, according to AFX Asia, has completed designing a very large cruise ship in order to reach its goal of becoming a major player in this sector by 2010.  [23/08/07]