Samsung Heavy Industries Co., South Korea's No. 3 shipbuilder, said Monday that it has received a 691 billion won (US$639 million) order to build a floating oil production and storage vessel.
Under the deal with Teekay Petrojarl of Norway, Samsung Heavy will deliver the so-called floating production, storage and offloading (FPSO) vessel by July 15, 2013, it said in a regulatory filing.