Greece’s Maran Gas books another 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 build two LNG tankers.

Including these two vessels, Greece’s Maran Gas has booked in total eight LNG carriers since November last year with DSME following contracts in November, in January, and in February.

Maria Angelicoussis, who is also the head of parent Angelicoussis Shipping Group, signed the new contract with DSME’s CEO Du-Seon Park on June 8 in Greece, according to DSME.

DSME said the deal for the two 174,000-cbm LNG carriers has a price tag of 585.1 billion won ($466 million) or about $233 million per vessel, which is a very high price.

It compares to 525 billion won Maran Gas will pay for the two carriers in February and 502.1 billion won for the two vessels in January.

DSME said the two new LNG carriers would have MAN ME-GI propulsion and a reliquefaction system.

The yard will deliver the two ships to Maran Gas in the first half of 2026.

Including the two new ships, Angelicoussis and its units have booked 118 ships at DSME since 1994.

DSME secured orders worth about $5.93 billion for 26 ships in 2022, including for 18 LNG vessels. It achieved about 66.6 percent of its 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

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

Hanwha Ocean to buld Korean LNG-powered icebreaker

South Korean shipbuilder Hanwha Ocean has secured a contract to build one LNG dual-fuel research icebreaker.

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.