South Korea's DSME Wins $330M FSRU Order

Friday, May 22, 2020

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.

Categories: Shipbuilding Energy Vessels Industry News Activity FSRU

Related Stories

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

DOF Secures Moorings Hook-Up Job in Asia Pacific

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Current News

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Propane’s Economic Edge for Ports During Trade Uncertainty

Shell’s Brazil-Bound FPSO Starts Taking Shape

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

SBM Offshore, SLB to Optimize FPSO Performance Using AI

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com