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Daewoo receives $1.7 bln LNG carriers order

Daewoo receives $1.7 bln LNG carriers order

Daewoo Shipbuilding & Marine Engineering (DSME), a South Korean shipbuilder, has received two orders for six LNG carriers.

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In a stock exchange filing, the company said the two orders were for two European shipowners.

Both of the contracts, the filing reads, is worth 1.01 trillion Won ($884.8 million).

Before July 31, 2023, the first trio of vessels are due to be delivered. Prior to the end of December 2023, the remaining trio will be delivered.

The company has received orders worth $3.3 total for the year so far, with the two sales.

South Korean shipbuilders expect new-build liquefied natural gas carriers to be ordered.

The Hyundai Heavy group of shipyards and Samsung Heavy are expected to book orders before the end of the year for LNG carriers serving the Mozambique LNG project.

Yonhap News estimates that new LNG vessel orders are showing signs of recovery in the second half of the year as a result of the Mozambique project and new developments in Russia.

Maritime Business World 

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