Korea Shipyard to Build Icebreaking LNG Carrier

Daewoo Shipbuilding & Marine Engineering (DSME) has won the first battle in the war among the shipbuilders to obtain orders for vessels to participate in the Russian Arctic 'Yamal Project' by getting the world’s first order for an icebreaking LNG carrier, reports BusinessKorea.

The South Korean shipbuilder informed BusinessKorea that it received the order worth US$367.4 million from Russia’s state-run shipper Sovcomflot, and will deliver the vessel by the end of June 2016.

The 170,000 m³-level carrier will be used in developing a gas field in the Yamal Peninsula, western Siberia, by Yamal LNG Co., a joint venture between Russian gas company Novatech, French Total, and Chinese CNPC.

The vessel is the first of 16 icebreaking LNG carriers orders worth US$4.8 billion in total, which DSME has been contracted to build for the Yamal gas project.

Source: BusinessKorea