DSME bags first LNG carrier order in 2023

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering will build one liquefied natural gas (LNG) carrier worth about $249 million under a new contract revealed on Monday.

This is the first LNG carrier order for DSME or for any other vessel in 2023.

DSME said it will construct the LNG carrier for an unidentified owner in Oceania and deliver the vessel by March 2027.

The contract has a price tag of 314.5 billion won or about $249 million.

DSME did not provide any additional information.

Last year, the shipbuilder 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.

Prior to this newest deal, DSME secured a contract in November last year from Maria Angelicoussis-led Maran Gas to build one 174,000-cbm LNG tanker.

Shipbuilding sources told LNG Prime that Japan’s shipping giant MOL is behind this new order for one LNG carrier.

MOL last year revealed charter deals for vessels being built at DSME and scheduled for delivery in 2025 and 2026.

The shipping firm has at least 12 LNG carriers on order at DSME, according to VesselsValue data.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

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...