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Daewoo Shipbuilding wins LNG ship order in Greece

Seoul - Daewoo Shipbuilding & Marine Engineering Co., one of the largest shipbuilders in the world, has received an order to build a liquefied natural gas ship for a Greek company

Seoul - Daewoo Shipbuilding & Marine Engineering Co., one of the largest shipbuilders in the world, has received an order to build a liquefied natural gas ship for a Greek company.

According to South Korea’s Yonhap news agency, 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.

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