Daewoo Shipbuilding & Marine Engineering is looking to capitalize on its fast start to 2019 with further VLCC orders in its sights, alongside fresh contracts for LNG vessels.

Its focus on the two sectors coincides with a drive to boost profitability at a time margins are being squeezed.

Seoul-listed DSME has secured six new VLCC worth $550m in total during the early weeks of this year, with Sinokor and Oman Shipping Company inking tankers with the shipbuilder.