Korea Shipbuilding & Offshore Engineering (KSOE) says it has sealed orders for 10 LNG carrier newbuildings worth KRW 2.87trn ($2.3bn).

It has also sold three cancelled LNG ships that saw the company pocket $246m, which is almost the cost of one LNG newbuilding.

In a regulatory filing, the South Korean group said a European owner has ordered eight vessels, while an “Oceania shipper” has booked two.