The new joint ventureis set to be officially unveiled at Posidonia in Greece next month.

“Working with DSME we believe wehave developed one of the most advanced LNG repair packages in the world,” saidODC chief executive Yong Duk Park.

The service aims to cover areas suchas cargo containment systems and the supply chain of various materials such asINVAR, insulation boxes, membranes, prefabricated panels and cryogenic safetyvalves.

“We are also investing in newfacilities including renovating our cryogenic shop so it can cater to repairingup to four LNGCs at any one time,” said Park.

“Our expansion into LNGC will further be strengthenedby our new license to support the French engineering firm Gaztransport &Technigaz (GTT).”

The shipyard says it has also “workedenormously hard” to develop a robust track record working on a wide variety ofships including VLCCs, containerships, gas carriers, chemical carriers and dredgers.

“We know we can deliver on quality,cost and critically time. Our geographical location thrusts us into poleposition for the Asia to Europe shipping route as well as the East African andIndian offshore industries,” said Park.

“We can further slash costs and thetime required for drydocking as vessels do not need to greatly deviate from theircourse.

“This can save days in time, and a huge amount ofmoney, which is such a key factor for shipping operators balancing tightbudgets.”