Greek owner Chandris Shipping has exercised an option for a second 173,400cu m LNG Carrier at Daewoo Shipbuilding & Marine Engineering (DSME) for an undisclosed sum.

Equipped with MAN ME-GI dual-fuel engines, the vessel is scheduled for delivery in H2 2018.

The contract may be a boon for DSME after indications the company could be in major financial difficulties, after reporting a loss of 2 trillion won ($1.7 billion) in Q2. DSME's share price fell to its lowest point since the 2008 financial crisis on the Korean stock exchange today, a 65% drop so far this year. The yard backed out of an STX France takeover in June.