South Korea's DSME Wins $330M FSRU Order

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.

Current News

Vestdavit Supplies Davits for Ulstein Newbuild CSOV

Vestdavit Supplies Davits for

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

Octopus Energy Joins Forces wi

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

FPSO Petrojarl Enters Decom Ph

Connecticut to ID Offshore Wind Supply Chain Opportunities

Connecticut to ID Offshore Win

Subscribe for OE Digital E‑News

Offshore Engineer Magazine