Hyundai LNG Shipping places order for one carrier at DSME

South Korean shipowner Hyundai LNG Shipping has ordered one LNG carrier from compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering.

The contract for the 174,000-cbm LNG carrier has a price tag of 216.9 billion won ($195.2 million), DSME said in a statement on Monday.

In addition, the Korean shipbuilder will deliver the vessel by the fourth quarter of 2023.

DSME said the vessel would feature MAN ME-GI propulsion and a reliquefaction system.

Hyundai LNG Shipping will charter the vessel to Spain’s Repsol under a long-term deal, the statement said.

DSME has this year won $2.74 billion in orders for 26 ships. These include 11 very large crude carriers, nine LPG carriers, four containerships, one LNG carrier, and one wind turbine installation vessel (WTIV).

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