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

MAN will no longer offer ME-GA engine

Volkswagen’s MAN unveiled the ME-GA dual-fuel engine in March 2021, describing it as an Otto-cycle variant of the company’s...

Kumul awards pre-FEED contract to Wison for Papua New Guinea’s first FLNG

The two firms signed the contract on Friday. With an expected capacity of 1.5 mtpa, Papua New Guinea’s first FLNG...

Atlantic LNG shipping rates dip to $26,750 per day

Last week, Atlantic LNG shipping rates dropped below $50,000 per day. “Spark30S Atlantic rates dropped for a fourth consecutive week,...

More News Like This

Hanwha Ocean scores $1.26 billion order for LNG-powered containerships

Hanwha Ocean said on Thursday it will build six containerships with a capacity of 15,000 teu. The order is worth...

South Korea’s Hanwha Ocean appoints new FLNG head

Hanwha Ocean announced the appointment in a social media post on Friday. "With extensive executive leadership experience in various roles...

GasLog takes delivery of LNG carrier in South Korea

Greece’s GasLog has taken delivery of a new liquefied natural gas (LNG) carrier from Hanwha Ocean in South Korea. According...

Hanwha Ocean to build FSRU for $413 million

Hanwha Ocean revealed the order on Wednesday, saying it would build the unit for an unidentified Asian owner. The delivery...