Daewoo Shipbuilding receives orders for five LNG carriers

Daewoo Shipbuilding and Marine has delivered nearly 25% of the 686 LNG carriers in operation as of January this year, it says citing Clarkson Research data.

PHOTO: Daewoo Shipbuilding Marine Dry Dual Fuel Propulsion LNG Transport Line. Daewoo Shipbuilding

The company has seen a massive rise in demand for LNG carriers. It received more orders for LNG carriers in the first month this year than the orders coming in in the whole of the first quarter last year, Daewoo says.

Two of the newly ordered 174,000 cbm-capacity LNG carriers have been commissioned by Maran Gas Maritime, a unit of the Greece’s Angelicoussis Shipping Group. These vessels will be delivered in the second half of 2025. Six container ships were also part of the order.

Daewoo expects LNG carrier demand to rise in line with global decarbonisation frameworks.

While LNG can curb carbon dioxide emissions by about a quarter compared to conventional bunker fuels, its methane emissions can be 36 times more potent as a greenhouse gas compared to carbon dioxide over a century, according to a World Bank study.

Last month, Daewoo’s South Korean peer Hyundai Samho Heavy Industries received an order for six LNG-fuelled vessels from a European vessel operator.