DSME bags $521 million order for two LNG ships from Maran Gas

Daewoo Shipbuilding & Marine Engineering‘s LNG carrier [Photo provided by DSME]

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. won an order to build two liquefied natural gas carriers for 679.4 billion ($521 million) from Maran Gas, a subsidiary of Greece’s largest shipping company, the Angelicoussis Group.

The vessels will be built at the shipbuilder’s Okpo shipyard in South Gyeongsang Province and are scheduled to be delivered to the owner in the first half of 2027.

Angelicoussis has ordered a total of 121 ships from DSME since 1994, setting the record for the most number of contracts between a single shipping company and a shipbuilder. Since 2021, it has placed orders for 11 LNG carriers with DSME alone.

Last October, DSME received a special donation of $2 million in the name of the late Greek shipping magnate, John Angelicoussis, from the Angelicoussis Group.

“Last year, we won orders for a total of 38 LNG carriers, making us the shipbuilder with the highest number of orders for LNG carriers in the world,” said a DSME spokesperson. “Based on our advanced technological capabilities, we will do our best to secure more orders and improve profitability.”

So far this year, DSME has secured orders for four vessels, including three LNG carriers, worth a total of $800 million, achieving 11.5 percent of this year’s goal of $6.98 billion.