Daewoo Shipbuilding Wins $590 million Greek Deal
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has bagged a combined 700 billion won (US$590 million) in potential orders from Maran Tankers Management, a unit of Angelicoussis Shipping Group, reported Yonhap.
Under the agreement with the Greece's largest shipper the troubled South Korean shipbuilder will provide a liquefied natural gas-floating storage and regasification (LNG-FSRU) ship.
The contract also includes an option to build two more LNG tankers if Angelicoussis Shipping Group satisfies with the first deal to build the LNG-FSRU.
The LNG-FSRU is expected to be built at the Okpo Shipyard in Geoje, South Gyeongsang Province, and the scheduled delivery will take place by early 2020.
DSME said the company built the world’s first LNG-regasification Vessel (LNG-RV) in 2005, and will utilize the technologies in building the LNG-FSRU. It is expected to sail maximum 18 knots.