South Korea's Daewoo Shipbuilding & Marine Engineering has inked an order for construction of two LNG carriers.
In Athens, on June 29th, Daewoo chief executive Nam Sang-tae and Angelicoussis Group chairman John Angelicoussis put pen to paper on a contract to build two 159,800㎥ LNG carriers.
Daewoo said the contract value is more than $400m which means the newbuilding price tag per ship is just over $200m.
They are scheduled for delivery from Geoje Okpo Shipyard by the first half of 2014.
Meanwhile, both companies agreed on two additional options for the same type vessels.
Angelicoussis Group's LNG shipping subsidiary Maran Gas Maritime will take delivery of the newbuildings.
Including the two LNG carriers, Daewoo has inked newbuilding orders for 30 ships worth $7.13bn in the first half of the year, attaining 65% of its annual order target of $11bn.