DSME Receives Orders Worth KRW1.9 Trillion For 8 Ships Including LNGCs

Daewoo Shipbuilding & Marine Engineering (CEO Lee Seong-Geun) won an order for 8 ships, including 2 LNG carriers and 6 container ships, from Maran Gas Maritime, a subsidiary of the Angelicoussis Group, Greece’s largest shipping company at KRW 1.84 trillion, said on the 3rd February. These ships will be built at Okpo Shipyard and delivered to the owner in the second half of 2025.

The LNG carrier ordered this time is a large 174,000m3 class LNG carrier, equipped with a high-pressure dual-fuel propulsion engine (ME-GI) that Daewoo Shipbuilding & Marine Engineering is proud of and a more advanced re-liquefaction system (Gas Management System). It can significantly reduce the emission of exhaust gas into the atmosphere. Accordingly, it is possible to effectively respond to the strengthened greenhouse gas emission regulations.

As orders for LNG carriers are expected to increase continuously in line with the global decarbonization trend, Daewoo Shipbuilding & Marine Engineering, which built the most LNG carriers, is expected to occupy an advantageous position. In fact, according to Clarkson Research (as of the end of January), 174 (about 25%) of the 686 LNG carriers currently in operation were built by Daewoo Shipbuilding & Marine Engineering (DSME), the largest number in the world.

DSME LNGC
Image Credits: dsme.co.kr

In addition, Daewoo Shipbuilding & Marine Engineering is equipped with the high-pressure dual-fuel propulsion engine (ME-GI) as well as the low-pressure dual-fuel propulsion engine (XDF / ME-GA), the main engines of which shipowners are increasingly interested in the market. options can be provided. In particular, Daewoo Shipbuilding & Marine Engineering is leading the technology in related fields based on its experience in building the world’s first LNG-related products such as icebreaker LNG carriers, LNG-RVs, LNG-FSRUs, LNG-FPSOs, and the world’s largest LNG-FSUs.

An official from Daewoo Shipbuilding & Marine Engineering said, “In just one month, we have secured the same amount of orders received by May of last year (about $2.74 billion). We will do our best to secure work and profitability through selected orders.”

To date, Daewoo Shipbuilding & Marine Engineering has won orders for a total of 12 ships/units, including five LNG carriers, six container ships, and one offshore plant, worth about $2.72 billion worth of ships and offshore plants.

Reference: dsme.co.kr

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