Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, has signed a shipbuilding contract with financially troubled South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of a 173,400 cu m floating storage and regasification unit (FSRU).
The contract, which also includes options for two LNG carriers, is valued at around KRW700bn ($590m). The FSRU is expected to be built at the DMSE’s Okpo Shipyard, and delivery is scheduled in early 2020.
“I would like to express my gratitude to Angelicoussis Shipping Group for choosing DSME in such a critical moment,” said DSME ceo Chung Sung-lip, adding that DSME will do its best to secure more contracts to help get through the financial crisis.
It is the first FSRU order by Angelicoussis Shipping Group, which has ordered 89 ships in total with DSME since its first order with the yard back in 1994.
