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Daewoo Shipbuilding wins $800 mln worth of orders for LNG carriers

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By Bahk Eun-ji
  • Published Jan 22, 2015 7:24 pm KST
  • Updated Jan 22, 2015 7:24 pm KST

Daewoo Shipbuilding & Marine Engineering has signed deals worth a combined $800 million to build four liquefied natural gas (LNG) carriers, the company said Thursday.

Under the deals signed Wednesday with Korea Line and Hyundai LNG Shipping, the shipbuilder will deliver the LNG carriers by May 2017, the company said in an e-mailed statement.

The latest orders are the first for Daewoo Shipbuilding in 2015.

The state-run Korea Gas Corp. had placed orders in October for six LNG carriers to bring in shale gas from the United States. Four of the orders went to the two local shippers. Daewoo Shipbuilding had obtained orders for 37 LNG carriers in 2014.