Daewoo Shipbuilding & Marine Engineering wins 985.7 billion won order for the latest 3,000-ton class submarine

Daewoo Shipbuilding & Marine Engineering choesinye of the Republic of Korea Navy By signing a contract to build a 3,000-ton submarine, it once again proved that it is a famous ship with the best submarine technology in Korea.

Daewoo Shipbuilding & Marine Engineering (CEO Lee Seong-geun) announced on the 10th that it had signed a contract with the Defense Acquisition Program Administration for the construction of the second ship of the 3,000-ton class submarine Jangbogo-III Batch-II project for 985.7 billion won. The submarine will be built at the Okpo Shipyard and delivered to the ROK Navy by the end of 2028.

Daewoo Shipbuilding & Marine Engineering has achieved the feat of winning orders for four out of five orders for 3,000-ton submarines so far, including this contract. Last August, it successfully delivered the Dosan Anchangho, the lead ship for the first project, and the second project lead ship also began construction in earnest, starting with steel cutting.

The Jang Bogo-III project is a project to build a state-of-the-art 3,000-ton class submarine with its own technology, which is the core force of the Navy to effectively cope with various security threats. Steps were further improved. In particular, lithium-ion batteries were applied for the first time, not lead-acid batteries, in order to increase the submergence time, which is a key performance.

Lithium-ion battery is a large-capacity energy storage system that supplies power to the mobility of submarines and major equipment. Compared to conventional lead-acid batteries, the continuous underwater navigation and high-speed operation time are greatly improved, and the lifespan is more than doubled, which is advantageous in terms of convenience such as maintenance. It is evaluated that this will significantly improve the combat capability of submarines.

Since Daewoo Shipbuilding & Marine Engineering (DSME) won the order for the first ship of the Jangbogo-I project, the ‘Jangbogo’ in 1987, it has built the largest number of submarines in Korea with 22 submarines (9 class 209, 3 class 214, 4 3,000-ton class, and export submarines). 6), of which 16 have been delivered successfully, and 6 are under construction. In particular, it is the only domestic company to have a record of winning overseas submarine orders.

Daewoo Shipbuilding & Marine Engineering, Executive Vice President and Head of Special Shipping Division, Yu Jun-jun, said, “In addition to the successful delivery of the second ship of the Jangbogo-III Batch-II project, we have thoroughly prepared for the surface ship building project scheduled to be ordered this year and the basic design project for a Korean light aircraft carrier next year. We will contribute to the protection of maritime sovereignty.”

This year, Daewoo Shipbuilding & Marine Engineering (DSME) has a total of 42 ships, including 16 container ships, 11 extra-large crude oil carriers, nine extra-large LPG carriers, two LNG carriers, one WTIV, one submarine, and two offshore plants, worth about USD 7.2 billion. By winning orders for ships, offshore plants, and submarines from end.

Source: Daewoo Shipbuilding & Marine Engineering

Qatae news- Petropipe

Qatar Signs $20B Vessel Contract to Cement LNG Leadership Role

Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position as the world’s largest producer of liquefied natural gas.

The Gulf emirate entered into agreements with Daewoo Shipbuilding & Marine Engineering Co., Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., according to a statement from state producer Qatar Petroleum. The three Korea-based firms will reserve a “major portion” of their LNG ship-construction capacity for QP through 2027.

The deal, valued at around 70 billion Qatari rials ($19.1 billion), could see them build more than 100 LNG vessels for Qatar, QP said.

“We have everything in place to commence the largest LNG-shipbuilding program in history,” said Saad Al-Kaabi, QP’s chief executive officer and Qatar’s energy minister. “We have secured approximately 60% of the global LNG shipbuilding capacity through 2027.”

QP signed a separate agreement to secure shipbuilding capacity with Hudong-Zhonghua Shipbuilding Group Co., a wholly owned subsidiary of China State Shipbuilding Corp., in April.

It needs a bigger fleet of LNG carriers because of new projects in Qatar and the U.S.

Qatar is “moving full steam ahead” with the expansion of the North Field, its share of the world’s biggest gas deposit, al-Kaabi said. That will raise the country’s annual output from 77 million tons to 126 million tons by 2027, he said.

QP will expand its output despite plans to cut spending by about 30%, Kaabi said last month.

Source: energypeople.com