DSME Million Dollar Construction Deal For LNG Carrier

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South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering said it would build one liquefied natural gas (LNG) carrier worth about $249 million under a new contract revealed, says an article published on LNG Prime.

Unidentified owner

DSME said it would construct the LNG carrier for an unidentified owner in Oceania and deliver the vessel by December 2026.

Highest paid

The contract has a price tag of 354.2 billion won or about $249 million.

The price is one of the highest-ever paid for a single LNG carrier with a capacity of 174,000 cbm or more.

LNG exporter Venture

Prior to this order, DSME received an order for an LNG carrier duo worth about $500 million or $250 million per ship.

These vessels are tied to US LNG exporter Venture Global LNG.

Newest contract

With this newest contract for one LNG carrier, DSME won orders worth about $10.1 billion.

It previously exceeded its target of $8.9 billion with the big part of LNG carrier orders tied to the massive QatarEnergy program.

Powered containerships

The shipbuilder, which is being acquired by South Korea’s Hanwha Group, won orders for six LNG-powered containerships and 37 LNG tankers this year.

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Source: LNG Prime

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