Maran Gas Maritime orders FSRU at DSME

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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