DSME and Maran four-ship deal includes LNG option

The Korean Yonhap news agency reported that the US$400 million deal with Maran Tankers Management, part of Greece’s Angelicoussis Group, is for four oil tankers, which are planned to be delivered by 2016.

The two companies are reported to have signed a separate agreement which includes an option to change the ship’s HFO-fuelled engines to units powered by LNG. DSME said that if Maran goes for the gas-fuelled option, it will involve an increase to the contract price.

This order brings the value of contracts won by DSME, Korea’s largest shipbuilder, so far in 2014 to about US$5.8 billion.