DSME wins $340m LNG-FSRU contract

DSME wins $340m LNG-FSRU contract

South Korea’s Daewoo Shipbuilding & Marine Engineering has won a KRW411bn ($340m) deal to build a floating gas storage facility.

An unspecified company based in Central America has ordered the liquefied natural gas floating storage regasification unit (LNG-FSRU) with a delivery date agreed for June 2023.

The contact takes DSME’s order tally to $720m this year, still 90% short of its ambitious annual sales target.

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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1 Comment

  1. Avatar
    Razi Raziuddin
    May 24, 2020 at 3:07 am

    What is the capacity of the FSRU being built by DSME?