South Korea’s DSME scores LNG FSRU contract

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By Mirza Duran South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) said Thursday it has won a contract to build a floating storage and regasification unit.

Image courtesy of DSME

DSME said in a regulatory filing it will build the LNG FSRU for a company based in Central America for 411 billion won ($340 million).

The shipbuilder aims to deliver the vessel by June 2023.

However, the deal will be effective after the unidentified company in Central America makes a final investment decision on its project.

Daewoo said that it would receive compensation for the costs related to the construction of the FSRU if the investment decision falls

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