Daewoo Wins Aggelikousis Order for 3 Ships

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has secured a US$380 million order to build three vessels from Angelicoussis Shipping Group (ASGL), the Greek provider of marine shipping services.

DSME will build a liquefied natural gas (LNG) carrier for Maran Gas Maritime Inc. and two very large crude carriers (VLCCs) for Maran Tankers Management Inc.

Maran Gas Maritime and Maran Tankers Management are subsidiaries of Angelicoussis Shipping Group.

According to a report in Yonhap, the LNG carrier will be guilt by DSME with a capacity of 174,000 cubic meters will be delivered by the first quarter of 2022.

Two 318,000-ton VLCCs will be delivered from the third quarter of 2021, the report said.

ASGL is one of the biggest customers of Daewoo Shipbuilding, having placed orders for 110 vessels in total since 1994. For this year, 70 percent of LNG carrier orders secured by Daewoo Shipbuilding are from Angelicoussis Shipping Group.

With the latest deal, Daewoo Shipbuilding has won orders worth $5.7 billion for 30 vessels so far this year, achieving 69 percent of its annual target of $8.3 billion, the report said.