Samsung Heavy signed a contract on 31 July 2026 to build two tankers for a European shipowner. The value is ₩268.0bn, which the filing translates from dollars at ₩1,441.1 to the dollar, so roughly $186m. That is 2.5% of FY2025 consolidated revenue of ₩10,650.0bn and about 1.4% of the market value. Delivery runs to 31 August 2029, and the company notes the end date moves with construction progress. Unlike the Pyeongtaek fab construction contract filed a month later, this one carries an advance payment, with the balance collected against build milestones. That is the normal shipbuilding pattern: the customer funds part of the hull before steel is cut, which is why Samsung Heavy's current liabilities are large relative to its assets.