DSME Clinches Order for Up to Four LNG Carriers

Image Courtesy: DSME

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received a contract to build two liquefied natural gas (LNG) carriers for an undisclosed Marshall Islands-based shipowner.

According to the company’s stock exchange filing, the order for the two 173,400 cbm LNG carriers is worth KRW 414.4 billion (USD 362.9 million).

Under the deal, signed in late February, the shipbuilder is scheduled to deliver the new vessels by the end of August, 2019.

DSME said that the deal includes options for two more LNG carriers, which, if exercised, would bring the value of the deal to KRW 830 billion.

In late February, John Fredriksen-controlled tanker owner and operator Frontline purchased two very large crude carrier (VLCC) resales from DSME.

The 300,000 dwt VLCCs, whcih were canceled in August last year, but are being built by DSME, were bought at a price of USD 77.5 million a piece.

The crude carriers are set to join their owner in September and October 2017.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

BWMTech North America

Are you operating to international standards? Clarify regulations. Plan BWMS integration…

read more >

NEVA 2017

The diversity of the Conference Programme is well-rounded by a broad spectrum of topics including Commercial Shipbuilding, Offshore and Marine…

read more >

LIQUEFACTION OF BULK CARGOES SEMINAR

GET TO GRIPS WITH:
– Mechanisms behind liquefaction
– Guidelines and regulations for bulk cargoes prone to liquefaction…

read more >

Seatrade Offshore Marine & Workboats Middle East

The largest event for offshore marine and workboat sectors in the region, Seatrade Offshore Marine & Workboats Middle East will, once again, serve as a meeting point for international industry professionals to come together and do business. Our 2017 show promises a wealth of networking opportunities, high-level discussions in our conferences on important industry trends, […]

read more >