Samsung Heavy Industries announced a partnership with a Qatari shipyard for ship conversion and aftermarket services as part of its global expansion strategy. The memorandum of understanding (MOU) was signed on the sidelines of the LNG 2026 international trade fair in Doha, Qatar, focusing on eco-friendly technologies like decarbonization solutions.
Samsung Heavy Industries announced on February 4, 2026, that it has signed a memorandum of understanding (MOU) with Qatar Shipyard Technology Solutions (QSTS) on the sidelines of the LNG 2026 international trade fair in Doha, Qatar. The partnership aims to expand cooperation in ship conversion and aftermarket services as part of the Korean shipbuilder's global expansion strategy.
QSTS, a subsidiary of Qatar's state-run shipping company Nakilat, is one of the leading shipyards in the Middle East, specializing in ship repair and maintenance services. The two companies plan to collaborate further on conversion projects involving eco-friendly facilities, such as decarbonization solutions, energy efficiency improvements, and onboard carbon capture equipment, along with digital technologies. They also intend to explore opportunities in small marine projects and special purpose vessels.
Samsung Heavy stated that the partnership will enable it to respond more actively to growing business opportunities in the Middle East, where demand for eco-friendly ship conversions and marine development projects is rising rapidly.
"This business cooperation with QSTS will be an important milestone for expanding Samsung Heavy's global business going forward," said Namgoong Geum-sung, executive vice president of Samsung Heavy. "We will further strengthen our business competitiveness through proactive global operations."
The deal is expected to bolster Samsung Heavy's presence in the Middle Eastern market.
