DSME on a Winning Streak

  • Business & Finance

 South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has been on a winning streak over the past few weeks, posting another order today.

The shipbuilder has won an order for two LNG carriers worth USD 425 million from an unidentified owner from Oceania.

According to a filing to Korea Stock exchange, the LNG duo is due for delivery by the end of October 2017.

The  company’s orderbook for this year currently stands at KRW 15.3 trillion.

Only last week DSME won an order for two LNG carriers, worth a total of  approximately USD 408 million from an unnamed European shipowner.

DSME held a naming ceremony for four semi-submersible rigs, ordered by the Norwegian based Songa Offshore Company in H quay on the 24th of October.

The rigs have been named: Songa Equinox, Songa Endurance, Songa Encourage, Songa Enabler.

DSME and Songa Offshore signed these contracts on two separate occasions in September 2011 and again in May 2012.

The semi-submersible rigs are able to drill down to a maximum of 8,500m in water up to 500m in depth and operate in the bad weather and intense cold of the North Sea.

The rigs called ‘Category-D’, are new generation drilling and well intervention rigs specifically constructed for Norwegian Continental Shelf operations.

They are outfitted with winterization and heat tracing systems making them uniquely prepared for the harsh weather conditions of the North Sea.

These rigs applied ‘DNV DYNPOS – ER’ regulation, which is a much stricter regulation when compared to a generalized positioning system such as the Dynamic Positioning System (DPS).

World Maritime News Staff


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