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DSME wins $500 million order for 2 LNG carriers

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  • Published Oct 21, 2022 9:34 pm KST
  • Updated Oct 22, 2022 10:30 am KST

A liquefied natural gas carrier built by Daewoo Shipbuilding & Marine Engineering / Courtesy of Daewoo Shipbuilding & Marine Engineering

South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday it has won a 710.3 billion-won ($500 million) order to build two liquefied natural gas (LNG) carriers for a shipper based in the Americas.

DSME will deliver the two vessels to the undisclosed Asian shipping company by the end of 2026, the shipbuilder said in a regulatory filing.

DSME said each LNG carrier has a price tag of $250 million, the highest order value ever clinched by a local shipyard.

DSME, the world's No. 4 shipbuilder by order backlog, has obtained $99 billion worth of orders to build 36 LNG carriers, six container ships and one offshore plant so far this year, far surpassing its yearly target of $8.9 billion.

It represents the second straight year that DSME orders have exceeded its yearly goal. (Yonhap)