South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has won an order to build a liquefied natural gas carrier from Greek shipping company Maran Gas Maritime, a subsidiary of Angelicoussis Shipping. It marks the 101th order from the group.

The company said Monday that it will construct the 173,400-cubic-meter vessel at its Okpo shipyard in Geoje, South Gyeongsang Province. The vessel is scheduled to be delivered in the first half of 2021.

DSME has received orders of 43 vessels worth $6.22 billion since the beginning of the year including 15 units in LNG carriers, 16 units in very large crude oil carriers and five special vessels, amounting to 85 percent of its target for this year of $7.3 billion.

The latest vessel will have ME-GI engines and a full re-liquefaction system, which improves fuel efficiency by about 30 percent and cuts emissions by over 30 percent compared to its predecessor.

Angelicoussis has ordered total 101 vessels to DSME since its first order of 98,000-ton crude carrier in 1994. Among them, 85 have been shipped and the rest 16 are being built at Okpo shipyard. “The constant orders from the shipping group means that it has a full confidence in our technology and operational improvement backed by a profit for successive quarters and a positive cash flow,” an official from DSME said.

By Hwang Soon-min and Minu Kim

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