DSME secures LNG carrier order worth about $258 million

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering will build one liquefied natural gas (LNG) tanker for about $258 million under a new contract.

DSME said in a filling to the stock exchange on Friday it will construct the LNG carrier for an unidentified owner in Oceania and deliver the vessel by August 2027.

Also, the contract has a price tag of 339.6 billion won or about $257.5 million.

DSME did not provide any additional information.

This is the fourth LNG carrier order for DSME this year.

Prior to this deal, the shipbuilder secured an order to build one 174,000-cbm LNG carrier for Japan’s MOL in February and it will build two LNG tankers for Greece’s Maran Gas under a deal revealed last month.

Shipbuilding sources told LNG Prime on Monday that MOL is behind this newest order for one LNG carrier as well.

In total, these four orders are worth more than $1 billion. DSME set a target of $6.98 billion this year.

Last year, DSME set a record for the largest number of orders for LNG carriers in a year since its establishment, surpassing its yearly record of 37 LNG carriers in 2014.

The shipbuilder, which is being acquired by Hanwha, won orders for a total of 38 LNG carriers in 2022.

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