View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 7, 2022

DSME to deliver two more LNG carriers for Maran Gas

The 174,000m³ class LNG carriers will cost nearly $420m (KRW502.1bn).

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured a shipbuilding contract from Greece-based Angelicoussis Shipping Group’s gas shipping unit, Maran Gas Maritime, for two additional liquefied natural gas (LNG) carriers.

These 174,000m³ class LNG carriers will cost nearly $420m (KRW502.1bn).

The newbuilds will be built at Okpo Shipyard and delivered in H2 2025.

DSME stated that the new vessels will be installed with a dual fuel propulsion engine (ME-GI), along with an advanced gas management solution.

These technologies will enable the ships to cut down the amount of greenhouse gas emissions produced.

The original contract included an order of up to four LNG carriers in total.

DSME and Maran Gas signed the deal for the first two vessels last November.

With a cost of around $411m, the first two vessels are expected to be delivered in November 2024.

Angelicoussis Group has placed orders for 114 ships with DSME to date. The entities signed their first shipbuilding contract in 1994.

DSME received multiple orders last year, resulting in the company surpassing its sales targets for 2021.

An official from DSME said: “We succeeded in winning the first order about ten days earlier than last year, which was a booming year, so the outlook for this year is also bright.”

In September last year, the American Bureau of Shipping (ABS) and DSME joined forces to develop designs for a 70,000CBM very large, liquefied CO₂ carrier.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology