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Samsung Heavy pens order for two drillships

Samsung Heavy pens order for two drillships
Seoul: Samsung Heavy Industries (SHI) announced last Friday that it has penned a new order worth some KRW1.24trn ($1.1bn) for two drillships from a US-based shipowner.

The South Korean shipbuilder said the new contract will account for 9.5% of its recent revenue, with due deliveries by 31 August 2014.

The latest order will bring SHI's contracted overall in excess of KRW4trn or $3.8bn year-to-date. The company has set itself a 2012 sales target of $13.4bn.

Meanwhile, US-based Pacific Drilling said last Wednesday that its affiliated company will postpone the expiration date for a deepsea drillship option by 2 March this year. The vessel is scheduled to be delivered by 17 May 2014.