Market Chatter: Samsung Heavy Gets Design Certification for Wind-Assisted LNG Carrier

MT Newswires Live11-22

Samsung Heavy Industries (KRX:010140) earned basic design certification for a liquefied natural gas carrier featuring its eco-friendly "wing sail" propulsion system, which uses wind-generated lift for auxiliary power, Pulse News reported Thursday.

The design, certified by the Korean Register and the Liberian Registry, improves fuel efficiency while addressing visibility challenges by positioning the wheelhouse at the bow, the report said. The design highlights Samsung's efforts to enhance sustainable maritime solutions.

Shares of Samsung Heavy Industries rose nearly 1% in recent trade on Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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