Greek shipowner Alpha Gas has ordered two LNG carriers from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), in a bid to to strengthen its LNG-related business. The total contract worth is about $ 3.7 billion. The vessels will be constructed at the Okpo shipyard in Geoje and are due for delivery by the end of 2020.
These vessels will join Alpha Gas’ fleet which already comprises an LNG carrier. The LNG carriers will have a capacity of 173,400 cubic meters and will be equipped with a natural gas propulsion engine (ME-GI engine) and a full re-liquefaction system (FRS). According to DSME, fuel efficiency can be increased by 30% and emissions can be reduced by 30%.
The South Korean company has stabilized its financial structure and production system since the beginning of 2018.
According to a DSME spokesperson, there have been positive signs on the market compared to last year, opening the era for an improvement of the sector and a rise in ship prices.
Meanwhile, DSME has won a total of 14 ship orders this year, including eight LNG carriers, five VLCCs, and one special-purpose ship.