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Maran in $1bn newbuilding boost for DSME

In a boost for embattled Korean shipayard Daewoo Shipbuilding & Marine Engineering (DSME) inked an order with Maran Tankers and Maran Gas Maritime for two VLCCs plus two options and two LNG carriers plus two options on Wednesday.

Marcus Hand, Editor

June 9, 2016

1 Min Read
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The deals with John Angelicoussis companies was signed in Athens during a visit by Sung-leep Jung president of DSME to attend Posidonia.

The 318,850 dwt VLCCs are priced at $84.6m a piece while the 180,000 cu m LNG are $185m in each.

This potentially makes the deal an over $1bn shot in the arm for DSME.

The orders come during a week when many Greek owners such as Nikolas Tsakos have made a plea for shipowners to invest in secondhand tonnage rather than newbuildings for the sake of the health of the market.

Prior to the latest orders by Maran just 300 newbuildings had been ordered worldwide this year.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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