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SEOUL, June 7 (Yonhap) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) mentioned Tuesday it has clinched a 1.07 trillion-won (US$850 million) order to construct 4 liquefied pure fuel (LNG) carriers below a take care of a Qatari state oil agency.
DSME, the world’s No. 4 shipbuilder by order backlog, mentioned it can construct the 174,000-cubic-meter LNG carriers within the Okpo shipyard on the south coast and ship them by the primary half of 2025.
The order is the primary results of a $19 billion contract that DSME and two different Korean shipbuilding giants — Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. — signed with Qatar Petroleum in June 2020 to assemble greater than 100 LNG vessels by way of 2027.
The preliminary pact, an association that precedes a serious shipbuilding order, permits the Qatari firm to safe so-called building slots from the South Korean shipyards.
The contract is in keeping with Qatar’s plan to spice up its LNG manufacturing capability to 126 million tons by 2027 from the present 77 million tons. Qatar is the world’s prime LNG producer.
DSME’s order is broadly anticipated to result in the securing of extra orders for LNG carriers by the three main shipbuilders for the Qatari undertaking down the street.
Earlier in 2004-07, DSME efficiently delivered 26 LNG carriers out of an order for 53 vessels positioned by Qatar. DSME has an annual capability of constructing round 20 LNG ships.
DSME has bagged orders value $5.47 billion to construct 16 LNG carriers, six container ships and one offshore plant to date this 12 months, already attaining 61.5 % of the yearly order goal of $8.9 billion.
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