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Daewoo Shipbuilding wins LNG ship order

All News 09:52 June 12, 2019

SEOUL, June 12 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Wednesday it has secured an order to build a liquefied natural gas (LNG) carrier for a Greek shipper.

Under the deal with Maran Gas Maritime (MGM) Inc., an affiliate of Greece's largest shipper, Angelicoussis Shipping Group, Daewoo Shipbuilding will deliver the vessel by the first half of 2022, the shipbuilder said in a statement. The company didn't provide the value of the contract.

With the order, Daewoo Shipbuilding has achieved 32 percent, or US$2.69 billion, of this year's annual target of $8.37 billion, it said.

The company said five of the six LNG shipbuilding orders received this year were from MGM, adding that the two sides are currently in talks on additional LNG carrier orders.

This photo provided by Daewoo Shipbuilding & Marine Engineering Co. shows a liquefied natural gas (LNG) carrier built by the company. (PHOTO NOT FOR SALE) (Yonhap)


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