DSME Wins Order for Four VLCCs

Laxman Pai January 15, 2019

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) has clinched a $366 million order to build four units of very large crude carriers (VLCCs) from an unidentified shipper in the Oceanian region.

According to a regulatory filing, the four tanker vessels which will be delivered in 2021. This marks the second large VLCC order in under a month.

According to Yonhap, DSME is aiming to win $8 billion worth of new orders this year, up 10 percent from last year's order target of $7.3 billion.

Last year, the shipyard clinched deals valued at $6.81 billion.

South Korean shipyards snatched up deals to build 34 VLCCs last year, accounting for 83 percent of the total placed around the globe for such ships.