DSME scores LNG FSRU contract

South Korea’s DSME said Thursday it has won a contract to build a floating storage and regasification unit.

The shipbuilder said in a filing it will build the FSRU for a company based in Central America.

DSME aims to deliver the vessel with a price tag of 411 billion won ($340 million) by June 2023.

However, the deal will be effective after the unidentified company in Central America makes a final decision on its project.

Daewoo said that it would receive compensation for the costs related to the construction of the FSRU if the investment decision falls through.

This is the first LNG carrier/FSRU order for the Korean shipyard this year.

Daewoo bagged $720 million worth of deals this year, achieving about 10 percent of its annual order target.

- Advertisements -

Most Popular

US weekly LNG exports down to 22 shipments

US liquefied natural gas (LNG) exports decreased in the week ending April 10 compared to the week before, according...

Spot LNG shipping rates, European prices drop this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet decreased further this week, and European prices...

Spot LNG shipping rates continue to drop, European prices climb

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease this week, while European...

More News Like This

Hanwha Ocean to build LNG carrier quartet for $920 million

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has received an LNG carrier order worth about $920 million...

Philippe Levy to lead Hanwha Ocean’s offshore business

South Korean shipbuilder Hanwha Ocean has appointed Philippe Levy, the former president of SBM Offshore Americas, as the president...

Hanwha Ocean bags $1.84 billion Qatari LNG carrier order

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion...

South Korea’s Hanwha Ocean inks memorandum to build 12 LNG carriers

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has signed a memorandum of agreement to build 12 liquefied...