South Korea: DSME Lands New Order Worth USD 560 Mln

Daewoo Shipbuilding & Marine Engineering, one of the world’s biggest shipyards, has booked a new order for the construction of four very large crude carriers (VLCC) and one product carrier. The new order estimated to be worth around USD 560 million was placed by Kuwait Oil Tanker Co (KOTC), reported state news agency KUNA.

DSME, established in 1973 and restructured as an independent company in October 2000 at Okpo Bay, Geoje Island, on the southeastern tip of the Korean Peninsula, has developed into the world’s premium specialized shipbuilding and offshore contractor that builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines, and destroyers. The company employs approximately 1,500 design and R&D personnel with prolific experience, and more than 15,000 skilled workers.

Shipbuilding Tribune Staff, January 31, 2012; Image: dsme

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Posted on January 31, 2012

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