Daewoo Shipbuilding wins 521 billion won LNG ship order in N. America

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An LNG carrier Courtesy of Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering said Friday it has received a 521 billion won ($430 million) liquefied natural gas (LNG) ship order in North America.

Daewoo Shipbuilding obtained the deal from an unidentified shipper in North America to build two LNG carriers by the end of 2025, the company said in a statement.

The company has obtained $3.47 billion orders so far this year, already achieving 39 percent of its 2022 order target of $8.9 billion.

It targets 6.62 trillion won in sales this year, up 47 percent from 4.49 trillion won a year earlier.

In 2021, the world's fourth-biggest shipbuilder by order backlog achieved $10.86 billion worth of orders, helped by increased demand for valued-added ships, such as LNG and container ships. (Yonhap)

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