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2014 March 17   13:19

DSME secures $367.4 mln contract from Sovcomflot for tanker construction under Yamal-LNG project

Daewoo Shipbuilding & Marine Engineering Co. said Monday that it has obtained a US$367.4 million order to build an icebreaking LNG carrier from Russia's state-run shipper Sovcomflot, Yonhap News Agency says. 

The South Korean company said it will deliver the vessel by the end of June 2016.
The carrier will in developing a gas field in the Yamal Peninsula (Yamal LNG project). It is the first of the 16 icebreaking LNG carriers Daewoo has signed a contract to provide.

Daewoo Shipbuilding & Marine Engineering is the world’s second largest supplier of vessels in terms of volumes.

Sovcomflot Group is Russia’s largest shipping company and one of the world’s leading shipping companies specializing in the maritime hydrocarbons transportation and supporting continental shelf exploration and oil & gas production. The SCF fleet includes 156 vessels with a combined deadweight of around 12 million tonnes. One third of them have a high ice class. The Group specialises in hydrocarbon transportation from regions with challenging ice conditions. Sovcomflot supports large-scale offshore energy projects in Russia and the rest of the world, including: Sakhalin-I, Sakhalin-II, Varandey, Prirazlomnoye, Tangguh, Escobar, and Peregrino.
The company is registered in Saint-Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid, Singapore and Dubai.

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