Daewoo shipbuilder signs deal to build four LNG carriers

Home > Business > Industry

print dictionary print

Daewoo shipbuilder signs deal to build four LNG carriers



Daewoo Shipbuilding & Marine Engineering (DSME) on Thursday announced that it has signed deals worth $800 million to build four liquefied natural gas (LNG) carriers, marking the company’s first order of 2015.

In October, the state-run Korea Gas Corporation issued orders for six LNG carriers to bring in shale gas from the United States. Four of the orders to operate the ships went to the two local shippers - Korea Line Corporation and Hyundai LNG Shipping. The order for the two remaining carriers went to Samsung Heavy Industries, which will deliver the LNG Vessels to SK Shipping.

DSME, the country’s second-largest shipbuilder, will deliver the LNG carriers to two shippers by May 2017 after they are completed at its Okpo dockyard in Geoje, South Gyeongsang. The LNG carriers will be 295.5 meters (983 feet) long and 46.4 meters wide.

More in Industry

Luxury loungewear is no longer just for lounging

KGC to work on a ginseng-based vaccine adjuvant

Hanwha Techwin continues selling CCTV systems overseas

Popeyes to close all branches in Korea this month

Contract signed for Covid-19 vaccine

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now