DSME bags order for two LNG carriers

South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering has received an order for two new liquefied natural gas (LNG) carriers.

DSME revealed this order in a statement released on Monday saying it would build the 174,000-cbm LNG carriers for an unidentified owner in Oceania and deliver them in the second half of 2026.

Two shipbuilding sources told LNG Prime on Tuesday that Japan’s MOL could be behind this order, but we could not very this by the time this article was published.

The contract has a price tag of 526.3 billion won ($428 million), DSME said.

According to DSME, the LNG carriers would feature MAN’s ME-GA dual-fuel engine and a reliquefaction system.

With this order, DSME won in total 12 orders for LNG carriers this year.

This year, the shipbuilder said it expects to surpass the record fifteen LNG carriers it won in 2021.

The LNG carrier orders in the January-April period include four vessels for Greece’s Maran Gas, two for BW LNG, one to MOL, and the three vessels linked to Venture Global LNG.

DSME secured orders worth about $4.61 billion for 20 ships this year, including six LNG-powered containerships.

It has now achieved about 51.8 percent of its annual target of $8.9 billion.

Last year, the yard won about $10.8 billion in orders, exceeding its target of $7.7 billion.

Most Popular

Venture Global’s Plaquemines LNG seals new gas supply deal

Venture Global LNG’s Plaquemines LNG has signed a new natural gas sale and purchase deal with gas marketer Tenaska Marketing Ventures, according to a DOE filing.

Shell takes FID on Egypt gas project

A unit of UK-based LNG giant Shell has taken the final investment decision for the development of the Mina West gas discovery in Egypt’s Mediterranean Sea.

TotalEnergies working on Mozambique LNG restart, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are still working with the Mozambique government on restarting construction on the 12.8 mtpa project, according to Patrick Pouyanne, CEO of TotalEnergies.

More News Like This

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Hanwha Ocean to buld Korean LNG-powered icebreaker

South Korean shipbuilder Hanwha Ocean has secured a contract to build one LNG dual-fuel research icebreaker.

Hanwha Ocean expects LNG newbuild market to recover in second half

South Korean shipbuilder Hanwha Ocean expects the LNG newbuilding market to recover in the second half of this year due to new US LNG export projects.

Hanwha Ocean starts work on Nakilat’s LNG carrier

South Korean shipbuilder Hanwha Ocean has officially started building Nakilat's first of eight LNG carriers under the massive QatarEnergy shipbuilding program.