DSME wins order for 6 LNG-powered ULCVs

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs).

Illustration; Image by DSME

The contract, worth KRW 1.1 trillion (about $1 billion), was signed with an undisclosed European shipowner.

The newbuilds are planned to be delivered by the end of 2024, DSME said in a stock exchange filing.

Last week, DSME also inked a shipbuilding contract for one floating production storage and offloading (FPSO) unit with a European company.

The shipbuilder has so far this year secured orders for a total of 33 vessels, representing 61.2 per cent of its annual target of $7.7 billion, Yonhap News Agency reported.