Daewoo Shipbuilding awarded $260million contract from ADNOC

South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) announced in a statement that it has received contract from Abu Dhabi National Oil Company (ADNOC) for three very large crude carriers (VLCCs).

As per the statement, the contract value is KRW 282 billion ($ 260 million).

The three VLCC will be compliant with the Energy Efficiency Design Index (EEDI) 2 once constructed at DSME’s Okpo shipyard. The contract includes options for three additional ships.

The vessels are scheduled for delivery in the first quarter of 2023.

DSME has won orders for a total of 21 ships this year including 9 LNG carriers, 4 container ships, 2 shuttle tankers, 5 VLCCs, and 1 VLGC, achieving about 56.3% of its target.

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