Korean Daewoo shipyard increases 2022 orders to 14 with eight LNG carriers and six containerships

Thursday, 24 March 2022
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South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has won $4 billion in orders so far in 2022, including eight LNG carriers, six containerships, one offshore platform and one depot maintenance order.

DSME added that the six containerships ordered this year have a specification for dual-fuel capability.

The latest DSME orders included three LNG carriers for the Americas after the company previously said there had been two LNG carrier orders worth 521 billion South Korean won ($428M).

The yard has now added one more vessel for the order list from the Americas, taking the total for the region to 863.5Bln Korean won ($710M).

“These LNG ships will be built at the Okpo Shipyard and delivered to the owner by the end of 2025,” said DSME.

GasLog Ltd, the Greek LNG shipping company, has also ordered LNG carrier from DSME in 2022.

GasLog is currently expanding its fleet and has ordered four newbuild 174,000 cubic metres capacity vessels for delivery in 2024 and 2025.

DSME, which is the world’s fourth largest shipbuilder, had an order backlog of $10.86Bln because of increased demand for valued-added vessels, such as LNG carriers and very large containerships with dual-fuel propulsion.

The latest three LNG carrier orders for the Americas will be of 174,000 cubic metres capacity.

The yard added that they would also be equipped with the latest generation M-type Electronically Controlled, Gas Injection (ME-GI) propulsion system.

DSME said it was also fitting a more advanced re-liquefaction system.

“The yard’s other smart energy saving systems, such as the Shaft Generator Motor and their Lubrication System, are representative of eco-friendly new technologies that can improve fuel efficiency and reduce carbon-dioxide and sulfur-oxide emissions,” added the DSME statement.

Last modified on Thursday, 24 March 2022 09:42
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