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.

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