$480 Million Deal: Daewoo Shipbuilding Signed New Contracts Including LNG- FSRU in Greece | BusinessKorea

Thursday, January 18, 2018

Daewoo Shipbuilding & Marine Engineering (DSME) signed a new contract with Greece-based Maran Gas Maritime to build one liquefied natural gas floating storage regasification unit (LNG- FSRU) and one LNG carrier.
Daewoo Shipbuilding & Marine Engineering (DSME) signed a new contract with Greece-based Maran Gas Maritime to build one liquefied natural gas floating storage regasification unit (LNG- FSRU) and one LNG carrier.
Seoul, Korea
8 December 2017 - 10:30am
Jung Min-hee

Daewoo Shipbuilding & Marine Engineering (DSME) announced on December 7 that it signed a new contract with Maran Gas Maritime, a unit of Greek owner Angelicoussis Shipping Group, to build one liquefied natural gas floating storage regasification unit (LNG- FSRU) and one LNG carrier.

Earlier, the South Korean shipbuilder won a contract for a new very large crude carrier (VLCC) from Aeolos in Greece on December 4, too. The total value of the contracts is approximately US$480 million.

Each of the LNG-FSRU, LNG carrier and the VLCC is slated to incorporate DSME’s high-efficiency engine and advanced fuel-saving technology so that they comply with the environmental standards of the International Maritime Organization.

DSME has won contracts for 25 ships in total since the beginning of this year, including those for nine from the Angelicoussis Shipping Group. The total value of the contracts the South Korean shipbuilder signed this year is about US$2.94 billion whereas the value stood at US$1.55 billion in 2016 as a whole. 

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