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Daewoo Shipbuilding’s 2014 orders reach US$14.9 bln

Daewoo Shipbuilding’s 2014 orders reach US$14.9 bln
The South Korean shipbuilder added orders for four more liquefied natural gas (LNG) vessels from its long-time client, Angelicoussis Group of Greece, the company said in a statement.

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, has won contracts worth US$14.9 billion this year, surpassing the 2014 target on the back of robust demand for gas carriers, the company said Tuesday.

The South Korean shipbuilder added orders for four more liquefied natural gas (LNG) vessels from its long-time client, Angelicoussis Group of Greece, the company said in a statement.

The 173,000-cubic-meter transport ships — 294.9 meters long by 46.4 meters wide — will be built at a dockyard located in the southern region of South Korea and are set be completed by 2017.

Daewoo Shipbuilding has won orders for 69 ships this year, of which 37 accounted for LNG vessels. The ME-GI propelled LNG ship, built with a more energy-efficient engine, helped fuel contract demand despite the sagging global maritime industry, the company noted.
The amount of the 2014 contracts marks the highest value for Daewoo Shipbuilding on an annual basis, after the $21.5 billion worth of orders won in 2007, according to company data.

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