South Korea's DSME Wins $330M FSRU Order

Friday, May 22, 2020

South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering (DSME) has received an order for a large liquefied natural gas (LNG) floating storage regasification unit (FSRU).

In a statement on the Korea Exchange, DSME said the contract was worth around 411 billion South Korean Won, or around $330 million.

DSME did not say who the client was, except that it was a shipowner based in Central America. 

The vessel is expected to be delivered in late-June 2023.

According to South Korea's Yonhap News Agency, the deal will become effective after the client makes a final investment decision on the project.

Further, citing DSME, Yonhap said that the client would provide compensation for the costs related to the construction of the FSRU, if the final investment decision is not made.

Categories: Shipbuilding Energy Vessels Industry News Activity FSRU

Related Stories

Norwind Offshore Takes Delivery of Vard-Built CSOV

Cadeler’s WTIV Newbuild Arrives to Rotterdam Ahead of Maiden Job

Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China

Current News

Vestdavit Supplies Davits for Ulstein Newbuild CSOV

Octopus Energy Joins Forces with Skyborn to Enter French Offshore Wind Market

FPSO Petrojarl Enters Decom Phase as FPSO Atlanta Readies to Take Over

Connecticut to ID Offshore Wind Supply Chain Opportunities

Subscribe for OE Digital E‑News