South Korea’s DSME to build six LNG-powered containerships

South Korea’s Daewoo Shipbuilding and Marine Engineering will build six LNG-powered ultra-large containerships as part of a contract revealed on Monday.

DSME said in a filing to the stock exchange it would deliver the LNG-powered vessels to an unnamed European owner by the end of 2024.

The deal has a price tag of 1.12 trillion won ($989 million), DSME said.

The shipbuilder did not reveal any additional information.

Germany’s Hapag-Lloyd has last year ordered six ultra-large LNG-powered container vessels at the Korean yard for about $1 billion. The German liner said then it would take delivery of the 23,500+ TEU vessels between April and December 2023.

Shipbuilding sources tell LNG Prime that Hapag-Lloyd could be behind this order as well, but we could not confirm this by the time this article was published.

DSME has this year secured orders for 33 ships worth about $4.71 billion.

These include very large crude carriers, LPG carriers, containerships, one LNG carrier, one FPSO, and one wind turbine installation vessel.

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.

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.

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

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.