Samsung Heavy Industries Co. has won orders worth a combined 266 billion won (US$241 million) to build a liquefied natural gas (LNG) carrier and an oil tanker, the company said Monday.

Samsung Heavy wins US$241 million orders for LNG carrier, oil tanker

Samsung Heavy has signed a 206 billion-won deal to build an LNG carrier with an Oceanian company and another 60 billion-won deal to build an S-Max oil tanker, the shipbuilder said in an emailed statement.

The LNG carrier is slated to be delivered by July 2023.

S-Max, or Suez Canal Maximum, refers to 125,000 to 200,000-ton oil tankers that can pass through the Suez Canal with full cargo.

In November alone, Samsung Heavy bagged a total of $2.9 billion in orders, with its annual order target set at $8.4 billion.