Daewoo Lands $340 Million LNG Order

Tuesday, August 21, 2001
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had won a combined $340 million order to build liquefied natural gas (LNG) carriers from Belgium and Norway.

Daewoo Shipbuilding won orders to build a $170 million LNG ship each from Belgian shipping group CMB unit Exmar and Golar LNG of Norway, a company spokesman said.

Daewoo's LNG orders totaled 10 ships worth $1.7 billion so far this year, he said.

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