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DSME bags order for two more LNG carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract for the construction of two LNG carriers worth around $500m (KRW710bn).

Michele Labrut, Americas Correspondent

October 27, 2022

1 Min Read
LNG carrier in Johor Strait near MMHE
LNG carrier in Johor Strait near MMHEPhoto: John Foreman

The price of each vessel is $250m, according to Korean media although it did not reveal the name of the owner.  The duo is scheduled for delivery by the end of 2026, according to DSME.

The latest order brings DSME’s LNG carrier tally to 36 construction projects ordered this year (estimated at $9bn), driven mostly by demand for LNG carriers.

According to Clarksons Research, a total of 128 LNG carriers were ordered year-to-date, which is a record high, with delivery dates stretching into 2027. Compared to 2021, only 86 LNG carriers were contracted.

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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