South Korea: DSME Secures USD 2 Bln FPSO Order

Daewoo Shipbuilding & Marine Engineering, one of the world’s leading shipbuilders, has secured USD 2 billion order for the construction of one FPSO (Floating Production Storage and Offloading) vessel. The order comes from Japan’s top oil and gas explorer Inpex Corporation.

The delivery of the vessel is scheduled for April 2016. This FPSO will operate in the Browse Basin as a part of Inpex’s Ichthys project offshore Western Australia.

Daewoo Shipbuilding & Marine Engineering, 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.

DSME has both shipbuilding and offshore engineering businesses in its shipyards. The company’s 900-ton goliath cranes and dry docks that are capable of building hulls of up to 12 m in width provide optimal conditions to build floating offshore plant products such as FPSOs and FPUs. Utilizing extensive plant, submarine, and battle ship building technology, the upper and lower portions of a floating plant facility are made in the streamlined production lines and then loaded by a large crane to complete the facility. On top of this, underwater exploration technology and relevant marine analysis technology provide the solid technological foundation.

Shipbuilding Tribune Staff, March 8, 2012;

Share this article

Follow World Maritime News

Posted on March 8, 2012

In Depth>


<< Oct 2016 >>
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Danish Maritime Technology Conference 2016

A part of Danish Maritime Days 

For the first half of 2016, the key buzzword of the maritime industry have been ‘The Fourth Industrial Revolution’. The global maritime industry stands in the midst of a market with changing dynamics, where emerging technologies give endless possibilities with an unprecedented processing power.

The emerging technologies have opened up for new products and services that increase efficiency through the entire maritime value chain. The Danish Maritime Technology Conference looks at the key drivers emerging in and from the Fourth Industrial Revolution – the technologies, the products and the services that leads this market change.

The new waves of accelerating technological development require new forms of conducting agile business, given the speed at which innovation and disruption takes place. Members of Danish Maritime are global market leaders within the maritime industry, and together with specialists they will discuss their core challenges and present their solutions to a game changing market.

More info

read more >

Danish Maritime Days 2016

At this year’s Danish Maritime Days, four themes will highlight some of the most important challenges and opportunities which the global…

read more >

Maritime Standard Tanker Conference

The event will highlight the main regional trends in crude, chemical and product tanker operations, giving attendees a unique insight into…

read more >


SHIPTEC CHINA builds up itself into a more outstanding, influential and well-reputed maritime event in northern China…

read more >