Friday, October 14, 2016
News

Maersk Drilling Names World’s Biggest Jack-Up, Maersk Invincible

Maersk Drilling on Friday named one of the world’s largest jack-up rig, Maersk Invincible, at the DSME shipyard in Okpo, South Korea. The rig is the last of Maersk Drilling’s...

October 14, 2016
Total Views: 410

Wednesday, October 12, 2016
DSME Shipyard South Korea
Maritime News

DSME to Cut 24% of Workforce Amid Mounting Losses

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, plans to eliminate 3,000 jobs, or 24 percent of its workforce, this year as part...

October 12, 2016
Total Views: 11

Thursday, September 29, 2016
DSME shipyard
Maritime News

Korean Exchange Tells World’s No. 2 Shipbuilder to Improve Financials Or Else

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, was told to improve its financials within a year before its shares can resume trading,...

September 29, 2016
Total Views: 27

Monday, September 19, 2016
Matson Kanaloa Class
Maritime News

DSME Lands $120 Million Deal Out of Jones Act Ship Order

South Korea’s Daewoo Shipbuilding & Marine Engineer is set to get $120 million from Matson’s order for two new LNG-powered container and roll-on/roll-off vessels placed at NASSCO. South Korea’s Yonhap...

September 19, 2016
Total Views: 40

Tuesday, August 16, 2016
DSME Shipyard South Korea
Maritime News

Ailing Shipbuilder DSME Posts Worse-Than-Expected Loss

By Kyunghee Park and Shinhye Kang (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, posted a bigger-than-estimated loss for the second quarter as the global shipbuilding...

August 16, 2016
Total Views: 2

Monday, July 18, 2016
DSME Shipyard South Korea
Maritime News

DSME Former Chief Financial Officer Indicted for Inflating Earnings

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. said South Korean prosecutors indicted a former chief financial officer for allegedly dressing up the company’s earnings over a...

July 18, 2016
Total Views: 0

Thursday, June 9, 2016
hyundai heavy industries shipbuilding
Maritime News

Battered Korean Yards Battle Slump With State-Led Overhaul

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards, battered by the deepest industry slump in at least two decades, are getting a helping hand — from the state....

June 9, 2016
Total Views: 1

Wednesday, June 8, 2016
hyundai heavy shipyard
Maritime News

World’s Top Three Shipyards Submit Plans to Raise $7.3 Billion in Revamp

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards plan to raise a combined 8.41 trillion won ($7.3 billion) selling assets as part of a restructuring following losses last...

June 8, 2016
Total Views: 2

DSME Shipyard South Korea
Maritime News

South Korean Prosecutors Raid DSME Offices

By Kyunghee Park (Bloomberg) — South Korea’s prosecutors raided the offices of Daewoo Shipbuilding & Marine Engineering Co. as the world’s second-largest shipbuilder tries to raise funds through asset sales...

June 8, 2016
Total Views: 1

Thursday, May 12, 2016
Maritime News

As Korean Shipyards Founder, Central Bank Dragged Into Rescue Bid

By Christine Kim SEOUL, May 12 (Reuters) – They are South Korea’s “too-big-to-fail” firms – the world’s largest shipbuilders that are both a massive economic force and an important national...

May 12, 2016
Total Views: 12

Wednesday, May 4, 2016
DSME Shipyard South Korea
News

DSME Posts Operating Loss on Offshore Costs

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a first-quarter loss after incurring more costs to finish some offshore projects. The operating...

May 4, 2016
Total Views: 13

Tuesday, April 26, 2016
DSME Shipyard South Korea
Maritime News

South Korea Vows More Steps in Revamp of Ailing Shipbuilders

By Heejin Kim and Kyunghee Park (Bloomberg) — South Korea said it will take more active steps to help the nation’s shipping and shipbuilding industries reduce debt and weather a...

April 26, 2016
Total Views: 2

Thursday, March 10, 2016
DSME shipyard
Maritime News

DSME Says 12,000 Job Cuts Coming

South Korea’s Daewoo Shipbuilding & Marine Engineering will cut 12,000 jobs from its workforce by 2019 as it tries to revive its business following a crash in oil prices and...

March 10, 2016
Total Views: 11

Monday, March 7, 2016
DSME Shipyard South Korea
Maritime News

DSME Posts Record $4.3 Billion Loss in 2015

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a record loss last year as it wrote down more charges from offshore projects...

March 7, 2016
Total Views: 9

Wednesday, February 10, 2016
A GTT LNG containment tank.
Maritime News

GTT, DSME Pact to Advance LNG Membrane Technology

The world’s leading designer of membrane containment systems has linked up one of the world’s biggest shipbuilders to advance the commercial availability of a new, more efficient type of LNG...

February 10, 2016
Total Views: 23

Friday, January 15, 2016
Daewoo Shipbuilding & Marine Engineering Co.
Maritime News

Seadrill Delays Two Drillships at DSME

Seadrill Ltd. has emerged as the client who agreed to postpone delivery of two ultra-deepwater drillships under construction at the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME).  The offshore drilling contractor confirmed via a...

January 15, 2016
Total Views: 3

Monday, January 4, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Interesting

Asian Shipyards Face Tough Year in 2016

By Kyunghee Park and Jonathan Burgos (Bloomberg) — For many Asian shipyards, 2015 was a brutal year. This year could be even worse. With oil prices forecast to fall as...

January 4, 2016
Total Views: 4

Monday, December 21, 2015
Maritime News

Ultra-Deepwater Drillships Delayed at DSME

Houston-based Atwood Oceanics says it has reached an agreement with Daewoo Shipbuilding & Marine Engineering to delay delivery of two ultra-deepwater drillships Atwood has on order with the South Korean shipbuilder....

December 21, 2015
Total Views: 2

Wednesday, November 11, 2015
DSME shipyard
News

DSME Told to Stop Work on LPG Ships After Fatal Fire

The Korean Government has ordered Daewoo Shipbuilding and Marine Engineering to halt work on five LPG carriers under construction at DSME’s Okpo shipyard after a fire killed one worker and injured...

November 11, 2015
Total Views: 5

Tuesday, November 10, 2015
DSME Shipyard South Korea
Maritime News

Another Fire at DSME Kills One, Injures Seven

  A fire onboard a ship under construction at Daewoo Shipbuilding & Marine Engineering’s Okpo shipyard killed one and injured seven others on Tuesday, according to South Korea’s Yonhap News. The...

November 10, 2015
Total Views: 13