DSME wins order to build LNG carrier for Maran Gas

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DSME wins order to build LNG carrier for Maran Gas

Daewoo Shipbuilding and Marine Engineering won an order to build a liquefied natural gas carrier from Greek shipping company Maran Gas Maritime, the shipbuilder said Friday.

The 174,000-cubic-meter (6.1-million-cubic-feet) ship ordered by the Greek shipping company will be built at DSME’s Okpo shipyard in Geoje, South Gyeongsang. Delivery of the ship is scheduled to be in the first half of 2021.

The order comes at a time when talks related to Hyundai Heavy Industries acquiring a majority stake in DSME are still ongoing. Hyundai Heavy plans to control DSME by establishing a new holding company rather than pursuing a complete merger, but the deal is still facing some hurdles.

It needs approval from the country’s fair trade authorities to be finalized. The decision is also being protested by Hyundai Heavy workers who fear additional layoffs after the acquisition.

“We will press on with our sales activities regardless of the ongoing discussions on mergers and acquisitions,” a press officer from DSME said.

Maran Gas Maritime is the gas shipping unit of Greece’s largest shipping group Angelicoussis Shipping Group. The group is one of DSME’s largest customers. It has ordered 102 ships since the first order placed in 1994.

This year, DSME has won orders for a total of six very large crude carriers and one liquefied natural gas carrier. The orders altogether are worth around $7.4 billion.

BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]
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