Daewoo Shipbuilding Acquires 2 LNG Carriers from US Shipowner for 521 Billion KRW... "Achieved 39% of 4.2 Trillion KRW Target This Year"

7 LNG Carriers, 6 Container Ships, 1 Offshore Plant, 1 Repair Ship, etc.
Approximately $3.47 Billion Orders This Year... All 13 Ordered Ships Are 'Dual-Fuel Propulsion Ships'

A dual-fuel propelled liquefied natural gas (LNG) carrier built by Daewoo Shipbuilding & Marine Engineering. (Photo by Daewoo Shipbuilding)

[Asia Economy Reporter Moon Chaeseok] Daewoo Shipbuilding & Marine Engineering (DSME) has secured orders for two liquefied natural gas (LNG) carriers. This year, including 13 vessels, DSME has secured a total of $3.47 billion (approximately 4.2011 trillion KRW) worth of orders, achieving about 39% of its target. This pace is significantly faster than last year.

On the 18th, DSME announced that it had received an order worth 521 billion KRW for two LNG carriers from a shipowner in the Americas. These vessels are large LNG carriers with a capacity of 174,000 cubic meters, to be built at the Okpo Shipyard and delivered to the shipowner by the end of 2025.

The ship orders include DSME's high-pressure dual-fuel propulsion engines (ME-GI) and advanced reliquefaction systems. Environmentally friendly new technologies such as the smart energy-saving shaft generator motor system (SGM) and air lubrication system (ALS) have also been extensively applied. These technologies enhance fuel efficiency and reduce emissions of carbon dioxide and sulfur oxides.

DSME, the company that has built the most LNG carriers, expects to secure a favorable position in the upcoming 'carbon-neutral' era. This is because it is leading the development of future eco-friendly ship technologies such as ammonia-powered ships, hydrogen carriers, and carbon dioxide carriers.

So far this year, DSME has secured orders for a total of 15 vessels, including 7 LNG carriers, 6 container ships, 1 offshore plant, and 1 repair and maintenance vessel. In terms of value, this amounts to approximately $3.47 billion, achieving about 39% of this year’s target of $8.9 billion (approximately 10.7752 trillion KRW).

A DSME official stated, "All 13 vessels ordered this year, excluding offshore plants and repair and maintenance, are dual-fuel propulsion ships," adding, "Our overwhelming eco-friendly ship technology has been recognized by shipowners."

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