BW converts DSME LNG tanker order to FSRU

For illustration only - FSRU BW Singapore (Image courtesy of BW)
FSRU BW Singapore (Image courtesy of BW)

Singapore-based gas shipping giant BW said it has amended its LNG tanker orders it has with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

BW adjusted orders for two LNG tankers ordered in September 2014, and two in September last year, a BW spokeswoman confirmed to LNG World News on Wednesday.

The biggest change is that one of the two 173,400 cbm LNG carriers ordered in September last year will be converted into a floating storage and regasification unit (FSRU).

The contract price of the LNG duo ordered in September 2014 has been reduced from 429.7 billion Korean won to 427.8 billion Korean won ($382m), DSME said in a filing with the stock exchange on Monday.

According to the filing, the contract price of the two LNG tankers ordered in September last year was changed from 478 billion Korean won to 480 billion Korean won ($429m).

BW’s orders at DSME now include one FSRU expected to be delivered in November 2019, three LNGs out of which two will be delivered in February 2018 and one in November 2019, and two VLCCs expected to be delivered in 2018.

The shipping company’s  current fleet comprises of 21 LNG vessels, with 16 tankers in operation and 5 newbuildings, according to BW’s website.

1 South Korean won = 0.000894 U.S. dollars


LNG World News Staff

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