South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for two large LPG carriers from an undisclosed Asian client. The value of the contract was not made public.
The 84,000-cbm vessels are due to be delivered by the end of 2017, and will each be 226 metres long, with beam of 36.6 metres.
The newbuildings’ specification exactly matches that of a four-vessel order placed with DSME in late 2014 by China Peace Petroleum Group at a price of $80m per vessel.
In early June, the newbuilding contracts were sold to BW LPG for $72.5m per vessel or $290m en bloc.
So far this year, DSME has received contracts worth a combined $3.9bn to build 27 ships.
Nevertheless, the yard has just suffered its worst-ever quarterly loss, posing an operating loss of KRW 3.07trn ($2.65bn) for its second-quarter this year. Some 13 senior executives have offered to resign following the result.
