Monday, October 10, 2011
Engineering News

DSME Eyeing $1.1 Billion Submarine Deal

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is talking with the Indonesian government about the possible sale of KRW1.2 trillion ($1.1 billion) worth of submarines...

October 10, 2011
Total Views: 15

Monday, August 29, 2011

Daewoo Shipbuilding CEO: $1.2B order for Indonesian submarines likely

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) expects Indonesia to name the company as the preferred bidder for the country’s submarine building contract in September, Daewoo Shipbuilding’s chief executive said Monday....

August 29, 2011
Total Views: 0

Friday, August 19, 2011
DSME Daewoo shipbuilding stock chart
Engineering News

Daewoo Shipbuilding drops almost 14%, Korean market takes heavy losses

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on a fresh wave of concerns about...

August 19, 2011
Total Views: 1

Wednesday, August 10, 2011
hyundai merchant marine
Engineering News

Hyundai Merchant Marine to buy 5 container ships worth $643M

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s No. 2 shipping company by revenue, said Wednesday it will invest KRW695 billion ($643 million) to buy five container carriers to strengthen its...

August 10, 2011
Total Views: 0

Thursday, July 28, 2011
DSME daewoo shipbuilding marine engineering
Engineering News

Daewoo Shipbuilding 2Q Net Down 3.6% On FX Losses, Operating Profit Surges

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its second-quarter net profit fell 3.6% due to foreign-currency losses as a result of...

July 28, 2011
Total Views: 1

Tuesday, July 5, 2011
Songa Offshore logo

Songa Wins $2.5 Billion Rig Pact

Norwegian oil-rig operator Songa Offshore SE said Tuesday it has been awarded a $2.5 billion contract to charter two new semisubmersible drilling rigs to Statoil for an initial eight years...

July 5, 2011
Total Views: 0

Monday, June 27, 2011
Engineering News

Maersk Line: Make it twenty Triple-E’s

Today, Maersk Line announced that it has exercised its option with South Korea’s Daewoo Shipbuilding (DSME) for ten additional “Triple-E” class 18,000 TEU containerships.  In February, Maersk announced the purchase...

June 27, 2011
Total Views: 2

Wednesday, February 2, 2011
Engineering News

Technip and DSME awarded Floating LNG Project for PETRONAS

Technip, in a consortium with Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME), has been awarded by Petroliam Nasional Berhad (PETRONAS)and MISC Berhad a front-end engineering and design contract for...

February 2, 2011
Total Views: 3

Tuesday, December 28, 2010

Daewoo Shipbuilding is looking at another busy year with $11B in new orders

Daewoo Shipbuilding, a massive industrial complex located in Okpo, Korea, exceeded their 2010 goal of $10B with $11.2B in new business this year.  According to Reuters, they are aiming to...

December 28, 2010
Total Views: 0