- Daewoo Shipbuilding & Marine Engineering (DSME) said on Dec. 7 that it has signed a letter of intent to build 10 LNG-powered VLCCs with a European client.
- An LOI is a document of an agreement before a main contract. Industry experts say that both sides will finally conclude the contract during the first quarter of 2021.
- If the deal is sealed, DSME will build a 300,000-ton dual-fuel VLCC powered by oil or LNG for the first time.
- Current LNG carriers are loaded with engines made of aluminum and...