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 terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

More News Like This

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.

Hanwha Ocean delivers 200th LNG carrier

South Korea's Hanwha Ocean has delivered its 200th liquefied natural gas (LNG) carrier.

Evergreen orders LNG-powered vessels in South Korea and China

Taiwan's shipping firm Evergreen Marine has ordered ultra-large LNG-powered containerships at two yards in South Korea and China.