DSME is expected to supply the carrier to the chemical gas transportation company by Q4 2023. Credit: Chris Pagan on Unsplash.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order from chemical gas transportation firm Hyundai LNG Shipping for the construction of a liquefied natural gas (LNG) carrier.

The deal is valued at nearly $195m (KRW216.9bn) and involves the order of a 174,000m³ LNG carrier.

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DSME is expected to supply the carrier to the chemical gas transportation company by Q4 2023. The carrier will be built at the Okpo Shipyard.

Eventually, the ship will enter a long-term charter contract with Spanish energy company Repsol, which may reportedly be Hyundai LNG Shipping’s first contract with a European shipper.

Last month, DSME secured an order to deliver two dual-fuel Very Large Gas Carriers (VLGC) to Hyundai LNG Shipping.

The combined value of the contract stood at around $166.5m (KRW184.5bn).

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In a regulatory filing to the Korea Stock Exchange, DSME stated that the 94,000m³ vessels are expected to be supplied by Q4 2023.

Last week, DSME delivered a new 174,000m³ LNG carrier, named BW Helios, to BW LNG.

The BW Helios vessel features a two-stroke engine, complete reliquefaction capabilities and ME-GI dual-fuel.

As of now, the South Korean shipbuilder has upcoming orders worth $2.74bn for nearly 26 vessels.

These include 11 oil tankers, nine liquefied petroleum gas (LPG) carriers, four container carriers, one LNG carrier and one wind turbine installation vessel (WTIV).