Greece's Angelicoussis Shipping Group has concluded a deal with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) to convert another two VLCC contracts to orders for LNG carriers. The deal brings to three the number of new LNG carriers for the Greek owner at its favoured South Korean shipbuilder. DSME hulls number 5341 and 5323 had been ordered at about $155m each, a mark close to the peak for 320,000 dwt VLCC prices. The contract conversions will have been negotiated with an additional cash payment by the owner. The first of the three 156,000 cu m LNG carriers is scheduled for delivery in the second half of 2013 to Angelicoussis’ LNG and liquefied petroleum gas carrier arm Maran Gas Maritime, with the two sister vessels to follow in 2014 and 2015.