Offshore orders could add to heyday for Korean shipbuilders



[Photo by Korea Shipbuilding & Offshore Engineering Co.]

Korean shipyards taking advantage of their heyday with a flood of orders for green ships anticipate another windfall on the offshore front amid a resumption of offshore drilling activities following soaring oil prices.

According to shipbuilding industry sources on Monday, Daewoo Shipbuilding & Marine Engineering Co. (DSME) and Samsung Heavy Industries Co. received an invitation from Norwegian oil and gas company Equinor for an international tender on the floating production, storage and unloading. (FPSO) in the Arctic region.

Specific terms such as the price and schedule of the project are not yet known, but industry sources estimate that the total amount of the FPSO deal will exceed 1,000 billion won ($ 884.56 million). The tender is expected to take place no earlier than this year and a contract is expected to be signed next year.

Korean shipyards will likely form a consortium with foreign partners if they decide to join the tender.

Offshore drilling, which was halted in recent years amid the shale gas boom in the United States, is expected to gradually recover thanks to soaring oil prices, which bodes well for the Korean manufacturer with solid credentials in the field. .

DSME recently won a $ 1 billion order from Brazilian energy giant Petrobras as part of a total order of $ 2.3 billion to build an FPSO. Hyundai Heavy Industries also won a $ 758 million offshore plant order for the same project in May.

By Song Gwang-sup and Lee Soo-min

[â“’ Pulse by Maeil Business News Korea &, All rights reserved]



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