DSME wins $370 mn deals for LNG and crude carriers in Greece

2018.06.10 13:32:58 | 2018.06.10 14:03:09

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South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday (local time) it has clinched two orders worth $370 million to build one unit of LNG carrier for Greece’s Alpha Gas S.A. and two units of crude carriers for an undisclosed client in Greece.

The LNG carrier capable of transporting 173,400 cubic meters of gas is eco-friendly and high fuel efficient vessel that can reduce the emissions of pollutants by more than 30 percent. The delivery is due in the first half of 2021.

Another order for crude vessels carries an option to purchase additional vessels, and the delivery is due in the first half of 2020.

DSME this year drew the largest orders for LNG tankers and very large crude carriers in the world, according to British shipbuilding and marine industry tracker Clarkson Research Services. It has won 25 orders worth $3 billion so far this year including nine LNG vessels, 15 VLCCs, and one special ship, already reaching 41 percent of its 2018 annual target of $7.3 billion.

“Clients are placing more trust in the company after we improved financial soundness,” said an official at DSME.

By Woo Je-yoon and Lee Ha-yeon

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