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

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Post-War Gulf Faces Push for Alternative Export Routes

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Current News

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

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