DSME clinches 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 will build the 174,000-cbm LNG carriers for an unidentified owner in Europe and deliver them by November 2026.

According to the shipbuilder, the contract is worth 649.5 billion won ($495 million) or some $247.5 million per vessel, which is a very high price.

The LNG carriers would feature MAN’s ME-GA dual-fuel engine and a reliquefaction system.

Brokers reported that this order could be related to ADS Maritime.

This order comes after a strike by subcontractors ended at DSME on Friday, according to local media reports. The strike started on June 2.

With this order, DSME secured contracts worth about $6.43 billion for 28 ships this year, including six LNG-powered containerships and 20 LNG tankers.

The LNG carrier orders this year include six vessels for Greece’s Maran Gas, two for BW LNG, three for MOL, three vessels linked to Venture Global LNG, and four LNG carriers from a Korean consortium and related to the massive shipbuilding program by state-run QatarEnergy.

DSME has now achieved more than 70 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.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

CMA CGM looking to order new LNG-powered giants

French shipping giant CMA CGM is looking to order more ultra-large LNG-powered containerships in China and South Korea, according...

Greece’s Maran Gas books LNG carrier duo at DSME

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has received a new order from Maria Angelicoussis-led Maran Gas to...

International Seaways takes delivery of its first LNG-powered VLCC

New York-based International Seaways has taken delivery of the first of three LNG dual-fuel very large crude carriers that...

Shell to fuel Hapag-Lloyd’s 12 LNG-powered containerships

A unit of LNG giant Shell will bunker Hapag-Lloyd's 12 LNG-powered containerships in the Dutch port of Rotterdam under...