Daewoo Shipbuilding Secures Contract for 6 LNG Carriers... Surpasses $10 Billion in Orders After 7 Years

Order Amount Reaches $10.44 Billion
Approximately 136% Achieved Against Order Target ($7.7 Billion)
80% of Ordered Ships Are Eco-Friendly (Dual-Fuel Propulsion)

[Asia Economy Reporter Hwang Yoon-joo] Daewoo Shipbuilding & Marine Engineering (DSME) has secured orders for six liquefied natural gas (LNG) carriers, surpassing $10 billion in annual orders for the first time in seven years.

DSME announced on the 1st that it received orders for four LNG carriers and two LNG carriers respectively from two North American shipowners. The total order value for these vessels amounts to 1.4956 trillion KRW. These ships will be built at the Okpo Shipyard and are scheduled to be delivered to the shipowners by the second half of 2025.

This is the first time DSME has achieved over $10 billion in orders since securing $14.9 billion in 2014. As a result, DSME has secured stable work for more than three years.

The LNG carriers ordered this time are large 174,000㎥ class vessels equipped with DSME’s proud dual-fuel propulsion engines (ME-GI) and more advanced reliquefaction systems (Gas Management System), which significantly reduce atmospheric emissions of methane gas, a major greenhouse gas. This enables effective compliance with strengthened greenhouse gas emission regulations.

A DSME official stated, "DSME actively participates in global efforts to reduce greenhouse gases and leads the development of future eco-friendly technologies," adding, "This order is highly significant as it recognizes DSME’s technological capabilities in eco-friendly ships."

This content was produced with the assistance of AI translation services.