DSME Clinches Order for Four Ships from Angelicoussis Shipping

Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), have placed an order for four new ships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME).

Based on the terms of the contract signed on Wednesday, June 8th, the order comprises of two 173,400 cbm LNG carriers and a pair of 318,000 TDW VLCCs.

According to DSME, the contract, which includes options for up to four more units, is worth some KRW 5.8 billion (USD 501 million) and represents the biggest contract signed by the yard this year.

Should the options for two more LNG carriers and 2 VLCCs be exercised the order value would be brought up to KRW 11 billion (over USD 1bn).

DSME_1

The 173,400 cbm LNG ships have a length of 295m, a width of 46m and boast DSME’s ME-GI engine. The 318,000-ton VLCCs span a length 336m, width of 60m and integrate the latest high-efficiency engines and fuel-saving technologies, the shipbuilder said.

The delivery of the LNG carriers is scheduled for 2019, while VLCCs are slated for delivery in the first half of 2018.

Angelicoussis Shipping has 21 ships being built at DSME’s yards.

The timely order is expected to gain favor with DSME’s creditors who have just approved the shipbuilder’s USD 4.47 billion self-rescue plan.

World Maritime News Staff

 

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2018 >>
MTWTFSS
27 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

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Bringing together the key LNG buyers and sellers from across the globe, the Summit provides…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >