DSME Bags $1.3B Worth Order

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Daewoo Shipbuilding & Marine Engineering Co. (DSME) bagged orders worth a combined 1.5 trillion won ($1.3 billion) to build six liquefied natural gas (LNG) carriers, reports The Korean Herald.

About the deal

Under the deals with two companies in North America, the 174,000-cubic meter LNG carriers will be delivered by the second half of 2025, DSME said.

DSME has won orders worth $10.44 billion so far this year, far exceeding its annual order target of $7.7 billion.

DSME’s annual orders

With the latest deals, DSME’s annual orders top the $10-billion mark for the first time in seven years since 2014, when it logged $14.9 billion in annual orders, the shipbuilder said.

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Source: The Korean Herald

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