Contract Includes Three Optional Vessels
Daewoo Shipbuilding & Marine Engineering (DSME) has received a US$260 million order for three very large crude carriers (VLCCs) from Hunter Tankers SA under the Hunter Group in Norway.
This contract is part of the optional deal that DSME won in February that also includes an additional order for three vessels expected in the future.
The VLCC measures 336 meters long and 60 meters wide. It is an eco-friendly ship that meets the environmental regulations of the International Maritime Organization (IMO), and is equipped with high-efficiency engines and advanced fuel-saving technologies.
The VLCCs can be repeatedly constructed with the same design and specifications. In this regard, the company expects the contract to have a positive impact on shipbuilding productivity and profitability.
DSME has received 22 vessel orders, including 8 liquefied natural gas (LNG) carriers, 13 VLCCs, and 1 special ship, worth about US$2.61 billion, so far this year, approximately 36% of this year’s contract target of US$7.3 billion.
According to Clarkson Research, a British research company specializing in the shipbuilding and shipping industry, DSME has won more than half of the 25 VLCCs ordered so far this year. In the case of LNG carriers, it has won 8 out of the 19 ordered, the largest number among shipbuilders in the world.
- S. Korea’s ‘Big Three’ Shipbuilders Hit Record Low in R&D, Workforce
- DSME Labor Union Request to Share the Surplus in 2017
- Daewoo Shipbuilding Returns to Profit Last Year in 6 Years
- DSME’s Challenge to Wind Power Business Ends in Failure
- Korean Shipbuilders Have Much Anticipation for Hike in Ship Prices Next Year
- Daewoo Shipbuilding Signed New Contracts Including LNG- FSRU in Greece
- Korean Shipbuilders Land 55% of Global Orders in May
- S. Korean Shipbuilders Struggling to Meet Annual Order Targets
- Korea Ocean Business Corporation to be launched on July 5