BlackRock Buys 5% Stakes of Samsung Heavy Industries in Shipbuilding News 03/04/2026 Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%. Although it stated the purchase was for a simple investment purpose, it is interpreted as reflecting expectations for improved industry conditions amid an expansion in orders, better performance, a recovery in the shipbuilding cycle, and global cooperation strategies aligning. According to an April 1 disclosure on the Financial Supervisory Service’s electronic filing system, BlackRock Fund Advisors newly reported the previous day that it holds 44,056,088 shares of Samsung Heavy Industries (a 5.01% stake). The stake was secured through on-market purchases, and the purpose of holding was specified as a simple investment. As the world’s largest asset manager has emerged as a major shareholder, the market is assigning significance beyond a simple investment. In particular, Samsung Heavy Industries’ order momentum is showing a clear recovery trend. On the same day, Samsung Heavy Industries also disclosed that it won an order for two eco-friendly very large gas carriers (VLGCs) from a Bermuda-based shipowner for 342.0 billion won (approximately $228 million. The vessels, which can transport liquefied petroleum gas (LPG) and ammonia, are scheduled to be delivered by May 2029. Cumulative orders this year stand at a total of 16 vessels worth $3.1 billion, achieving about 22% of annual target of $13.9 billion). By vessel type, the orders comprise six LNG carriers, two very large ethane carriers (VLECs), two VLGCs, two container ships, and four crude oil tankers. Source: Business Korea 2026-04-03 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share