DSME signs 2 trillion won deal for six LNG carriers

Korea's No. 2 shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME), said Monday that it has signed deals worth 2 trillion won ($1.7 billion) to build six liquefied natural gas (LNG) carriers for two European companies.

Under the two separate deals, DSME will deliver the vessels to the European companies by July and December 2023, respectively, the shipbuilder said in regulatory filings, without providing the names of the clients.

With the deals, DSME has won orders worth about $3.3 billion for 13 vessels so far this year, achieving 46 percent of its annual order target of $7.21 billion.

Shares in DSME edged up 0.82 percent to 24,500 won on Monday, roughly in line with the broader Kospi's 0.49 percent gain.

Yonhap