Photo: Image courtesy of DSME

DSME secures 18th LNG carrier order for 2018

DSME secures 18th LNG carrier order for 2018
Image courtesy of DSME

South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) on Thursday said it has secured a new LNG carrier order. 

The company has also secured a renovation and repair deal for three KDX-I class destroyers bringing the total order value to $230 million.

The liquefied natural gas carrier, capable of transporting 174,000 cubic meters of the chilled fuel will be built for an unnamed shipowner based in Oceania, DSME said.

Delivery of the gas-fired MEGI LNG carrier featuring a full reliquefaction system is expected by the end of 2021.

The shipbuilder noted that this year it has clinched orders to build 18 LNG carrier with total orders reaching 47 vessels valued at $6.81 billion, which equates to 93 percent of DSME’s annual target of $7.3 billion.