“If we continue inking new orders through the end of this year, I think we will be able to secure a backlog that will last until the first half of 2021.” Jung said the major contributor to its large order backlog was the Yamal LNG project it won in 2014. Fifteen ice-class tankers to lift liquefied natural gas for a Russian megaproject were ordered from DSME. LNG carriers take about three years to build, according to Jung, a year longer than other ships like very large crude carriers. As for its six-year turnaround plan that began in 2015, the CEO said it has so far accomplished 100 percent of its annual targets, though it may seem like it has only accomplished half of its ultimate target of saving 5.9 trillion won ($5.4 billion). “It seems like we are slow because it is a six-year plan that ends in 2020,” Jung added. “We are on track.” As for further turnaround measures involving lay-offs, Cho Wook-sung, a senior executive vice president of DSME, said such a plan will only be finalized by the third or fourth quarter this year. While there were originally planned layoffs, Jung said the company is currently reconsidering due to the full operation of its shipyard and lack of staff. Jung also maintained that he thinks Korea should have two big shipbuilders rather than the current three - DSME, Hyundai Heavy Industries and Samsung Heavy Industries - considering the oversupply in the global shipbuilding market and competition with giant Chinese shipbuilders. Jung first suggested his “big two” stance in his last press briefing in March last year. “My ultimate goal is to make DSME an attractive company for other companies to be interested in acquiring,” Jung said.