DSME Wins More LNG Carriers Order from Maran

Maritime Activity Reports, Inc.

February 25, 2019

Image: Daewoo Shipbuilding & Marine Engineering

Image: Daewoo Shipbuilding & Marine Engineering

South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has received a contract to build two more liquefied natural gas (LNG) carriers for Greek shipping company Maran Gas Maritime, a unit of Angelicoussis Shipping Group.

DSME said that the contract has a value of KRW 419.9 billion (USD 375.2 million).

Under the deal with Maran Gas, DSME will build the two 174,000-cubic-meter LNG carriers by the end of 2021, the company said in a statement.

Daewoo Shipbuilding has obtained USD1.1 billion worth of orders so far this year to build nine ships, including six oil tankers, it said.

Last week, DSME won an order from Maran Gas to build one 174,000-cbm LNG carrier that is scheduled for delivery by the first half of 2021.

According to Pulse News, the latest contract, which comes after one LNG carrier order from the same shipping company 10 days ago, marks the 104th order scored by DSME from the Angelicoussis Shipping Group since their first contract in 1994.

DSME has remained highly competitive in the global LNG carrier market with orders for the industry’s largest 37 LNG carriers won in 2014. It maintains leadership in terms of total orders (176 units), delivery (136 units), and order backlog (40 units).

The shipbuilder aims to win USD8.37 billion worth of new orders in 2019, up 10 percent from last year’s order target of USD7.3 billion. For the whole of 2018, the shipyard clinched deals valued at USD6.81 billion.

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