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>

<< Apr 2018 >>
MTWTFSS
26 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 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >