DSME Bags LNG Carrier Order from Maran Gas

Laxman Pai February 17, 2019

South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for a liquefied natural gas (LNG) carrier from Greece-based shipowner.

According to Yonhap News Agency the South Korean shipbuilder received an order to build an LNG carrier for Maran Gas Maritime, a unit of the Angelicoussis Shipping Group.

The newbuilding - 174,000 cbm ship - is expected to be delivered to its owner by the first half of 2021. The value of the contract has not been disclosed.

Daewoo Shipbuilding has obtained US$740 million worth of orders so far this year to build seven ships, including oil tankers, Yonhap said.

Daewoo Shipbuilding is aiming to win $8 billion worth of new orders in 2019, up 10 percent from last year's order target of $7.3 billion. For the whole of 2018, the shipyard clinched deals valued at $6.81 billion.