ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Russia tensions spur LNG tanker orders for Korean shipbuilders

Demand soars to rarely seen high as Europe seeks alternate sources

Daewoo Shipbuilding & Marine Engineering has snagged the equivalent of a third of its orders from last year in just over a month in 2022. (Photo courtesy of the company)

SEOUL -- South Korea's top shipbuilders have received an influx of orders for liquefied natural gas tankers recently as European countries seek alternative LNG sources amid escalating tensions with Russia.

Daewoo Shipbuilding & Marine Engineering said Thursday it has received orders from Europe totaling 1.84 trillion won ($1.5 billion). The orders include two LNG vessels for a Greek marine shipper, along with six container ships for another client.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more