▲ [Photo: Daewoo Shipbuilding & Marine]

Daewoo Shipbuilding & Marine, which suffered an order drought, announced the revival after five years of ordering a marine plant.

Daewoo Shipbuilding & Marine (CEO Lee Sung-geun) announced on 16 June that it had received a 1-aircraft ship from Chevron, one of the world's largest oil majors, for a semi-submersible oil production facility.

This offshore plant order is only five years after receiving approximately 3 trillion won of crude oil production plant (TCO project, 50% chevron share) in 2014( TCO project, 50% chevron share). Be.

This year, the domestic shipbuilding industry's orders are unexpectedly sluggish. Samsung Heavy Industries has achieved a 91% goal of $7.8 billion this year. Hyundai Heavy Industries and Daewoo Shipbuilding & Marine also failed to meet this year's order target.

The industry cites the long-term u.S.-China trade dispute and the global slowdown as the reason for the decrease in ship orders. In fact, in the year to October, cumulative orders decreased by nearly 43% year-over-year. In the event of a recession, shipowners expect a decrease in volume and postpone orders. However, expectations are being raised that the global economy will improve gradually after the first round of trade agreements between the United States and China were reached at the end of a long period of time.

In particular, a large-scale LNG ship ordering project, centered on oil-rich countries such as Qatar and Saudi Arabia, has been announced next year in line with the implementation of the IMO 2020 environmental regulations. In addition to lng propulsion lines, there are other options, such as using low sulfur oil or mounting scrubbers. Hyundai Merchant Marine has already chosen to install scrubbers, and domestic and foreign refineries are also expanding production of products, including low sulfur oil and ship diesel.

Next year, qatar Qatar Petroleum (QP) will order at least 40 LNG carriers. Considering the price of LNG ships is 220 billion won per chuck, the order amount is at least 8.8 trillion won. In the face of growing interest in who will pre-empt such high-value orders first, it is worth looking forward to the strength of Daewoo Shipbuilding & Marine, which has been recognized for its proficiency by the world's leading ships.

Daewoo Shipbuilding & Marine has already placed the world's no.1 shipbuilders as its main customers and has continued to order ships. In recent years, the company has received two VL tankers from Maran gas, the world's no.1 LNG vessel, from one LNG carrier and the world's fifth-largest VL tanker ( crude oil carrier) maran tanker. Marangas has 45 LNG ships, including the balance of orders, and has ordered 35 vessels from Daewoo Shipbuilding & Marine. Maran Tanker also ordered 36 of its 41 vessels to Daewoo Shipbuilding & Marine.

Park Moo-hyun, hana financial investment researcher, said, "The ship orders from the world's leading ships are based on differentiated technology," adding, "In particular, Marangas is paying more attention to Daewoo Shipbuilding & Marine in the process of competing with its competitor, Tikei LNG Partners, for the next-generation gas injection engine (ME-GI engine).

Park said, "Daewoo Shipbuilding & Marine's order balance has been simplified to three types of vessels: VL tanker, LNG ship, and super-sized container ship," and "relatively stable ship building margins are continuing."