DSME to build three LNG carriers for about $707 million

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has won a new contract to build three liquefied natural gas carriers, boosting this year’s tally to ten LNG vessels.

DSME said on Thursday the order for the very large LNG carriers has a price tag of about 863.5 billion won ($707 million).

Also, the shipbuilder said it will deliver the supersized carriers to an unidentified owner in North America by the end of December 2025.

DSME did not reveal any additional information regarding the order.

Shipbuilding sources previously said that US exporter Venture Global LNG was looking to order 200,000-cbm carriers at DSME, the company’s first move into LNG shipping.

This order could be related to Venture Global but we could not confirm this by the time this article was published.

Including the new contracts, DSME secured orders worth about $4.18 billion for 18 ships and one field control station.

The orders include four LNG carriers for Greece’s Maran Gas and the recent order for two vessels linked to BW LNG.

DSME has now achieved about 47 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

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

More News Like This

Greece’s Maran Gas to order more LNG carriers in South Korea

Sources told LNG Prime on Thursday that the deal includes two 174,000-cbm LNG carriers powered by ME-GI engines. Hanwha Ocean...

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...