BW back at DSME for LNG pair

BW LNG has placed an order for two 173,400 cu m LNG carriers at its favoured yard in South Korea, Daewoo Shipbuilding & Marine Engineering (DSME). Brokers Clarkson pegs the price of each ship at $183m. The pair will be delivered in the first half of 2020.

BW LNG has 18 ships in operation and now has five newbuildings to deliver, all from DSME.

The order is the first of the year for DSME and brokers suggest the price level BW has negotiated is very competitive indeed. Four years ago it paid $24m more per ship for a similar pair ordered at the same yard. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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