DSME bags up to $1.1bn of new LNG carrier orders

DSME bags up to $1.1bn of new LNG carrier orders

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has won a $370m deal to build two LNG carriers from an unspecified US owner. The firm ships will deliver in the first half of 2021, and the contract has options for four more ships, which would take the price tag to $1.1bn.

The latest contract takes DSME’s sales in 2018 to $5.64bn, 23% shy of its annual order target of $7.3bn.

On the back of a booming LNG market this year, South Korea’s top shipyards have clinched a large number of new LNG ship orders.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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