Daewoo Shipbuilding & Marine Engineering Co. (DSME), one of the largest shipbuilders in the world, said Monday it has received an order to build a liquefied natural gas ship for a Greek company.

DSME awarded shipbuilding contract by Maran Gas for one LNG carrier
Caption: Maran Gas Amphipolis - An LNG ship built by Daewoo Shipbuilding and operated by Maran Gas Maritime - Image courtesy of Maran Gas

Daewoo Shipbuilding will build an LNG carrier for Maran Gas Maritime Inc., the gas shipping unit of Angelicoussis Shipping Group, by the first half of 2021, the company said in a statement.

The shipping group has placed a total of 101 ship orders with Daewoo since 1994, with 85 of them delivered and 16 under construction in South Korea, the statement said.

But the company didn't provide the value of the contract, citing a confidentiality agreement.

An LNG ship usually is priced at an average of US$180 million, a company spokeswoman said.

Daewoo Shipbuilding has obtained $6.22 billion worth of orders so far this year, achieving 85 percent of its order target of $7.3 billion, it said.

Source: Yonhap