DSME Bags Order for 6 LNG-powered ULCVs

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Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra-large LNG-powered container vessels (ULCVs), says an article published in Offshore Energy.

About the contract

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

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

Contract with European company

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

About the Annual Revenue

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

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Source: Offshore Energy