Samsung Heavy Industries has raised its order target for 2017 as boss Park Dae-Youn set out expectations for a recovery in the global market.

Seoul-listed Samsumg's ambitions compare with the $5.3bn it projected for 2016.

Park, president and chief executive of Samsung, explained to reporters that 2017 will be a crucial point for the company’s survival.

Its first mega-deal of the year included a $1.3bn