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

LNG Flows Through Hormuz Hit Seven-Month High

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

Thailand-Malaysia Gas Pipeline Temporarily Shut Over Inspection Issue

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

Finder Energy Clears Environmental Hurdle for Timor-Leste Oil Project

SLB Secures Aramco Well Construction Work for 450 Wells

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Fugro Adds More Survey Work off Timor-Leste

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

Hormuz Crossings Decline as US Renews Iran Blockade

Current News

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

LNG Flows Through Hormuz Hit Seven-Month High

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

TGS to Reprocesses Seismic Data for Petronas’ Megah Discovery

Höegh Evi, PETROS to Develop Kuching LNG Terminal in Malaysia

Thailand-Malaysia Gas Pipeline Temporarily Shut Over Inspection Issue

Solstad Maritime Secures APAC Drilling Support Work for AHTS Pair

KKB Unit to Deliver Offshore Structures for Shell’s Malaysian Fields

Kazakhstan Resumes Action to Collect $5.2B Kashagan Field Fine

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

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