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Daewoo Shipbuilding wins W502b LNG ship order

By Yonhap
Published : Jan. 6, 2022 - 11:52

A liquefied natural gas (LNG) carrier built by Daewoo Shipbuilding & Marine Engineering Co. is shown in this photo provided by the shipbuilder on Dec. 1, 2021. (DSME)

Daewoo Shipbuilding & Marine Engineering Co. said Thursday it has received a 502 billion won ($420 million) liquefied natural gas (LNG) ship order in Greece.

Daewoo Shipbuilding will deliver the LNG carriers to an unidentified shipper in Greece by November 2025, the company said in a regulatory filing.

The company is the world's third-largest shipbuilder by orders after Hyundai Heavy Industries Group and Samsung Heavy Industries Co. in terms of 2021 orders.

Last year, Daewoo Shipbuilding achieved $10.86 billion worth of orders, far exceeding its target of $7.7 billion. (Yonhap)

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