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Qatar Petroleum signs US$ 19 bil. shipbuilding deal with 3 S. Korean shipbuilders Updated: 2020-06-02 13:56:10 KST

The energy giant Qatar Petroleum has signed agreements with South Korea's big three shipyards to buy more than one hundred ships in a deal worth more than 19 billion U.S. dollars, the largest contract for LNG tankers in history.
Industry sources say the three South Korean companies Daewoo Shipbuilding and Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries will build around 40 ships each by 2027.
It's welcome shot in the arm for the big three, all of which have faced restructuring in the past several years.
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