Daewoo Shipbuilding receives large order for gas carriers

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Daewoo Shipbuilding receives large order for gas carriers

Daewoo Shipbuilding and Marine Engineering, one of Korea’s top three shipbuilders, said yesterday it has been given a $160 million order to build two 84,000-cubic-meter liquefied petroleum gas carriers for an Asian shipper.

This is one of the follow-up contracts that DSME won in February to make a total of 12 very large gas carriers (VLGCs) for two Asian shippers.

The order included an optional clause so that these customers can order two additional vessels each from DSME.

The company said that the vessels, which can carry 84,000 cubic meters of LPG, are expected to be delivered by the second half of 2016.

DSME said that demand for VLGCs, which account for 70 percent of the global transportation of LPG, is increasing around Asia and North America.

So far, the company has won orders for 17 vessels worth $1.9 billion this year.

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