South Korean shipbuilder Daewoo Shipbuilding and Maritime Engineering (DSME) has agreed with an undisclosed owner to delay delivery of two drillships.
The agreement was made on the request of an unnamed American buyer. The duo was ordered in 2013 and was supposed to be delivered by the end of last year.
In line with the new terms, the two newbuilds are scheduled to be delivered in April 2018 and January 2019, respectively.
The order is priced at KRW 1.25 trillion (USD 1.04 billion), DSME said in a stock exchange filing.
The additional costs of the delivery delays will be compensated by the owner.
Korean shipbuilders have been facing numerous delivery delays and even order cancellations prompted by turbulent times in the offshore and shipping industry.
For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.
In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.
Over 7,600 participants attended Breakbulk Europe 2016
Meet with over 400 exhibitors and sponsors
Hear from industry experts, including leading shippers, during the conference sessions
Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event
Ferry travel is in the limelight. The potential for driving tourism growth is immense – and for archipelago nations battling with urban congestion, ferry services pose a clean, efficient alternative in everyday public transport. But high-profile ferry accidents have brought ever greater attention to safety regulations for Asia’s maritime travel industry.
Amid these circumstances, how can vessel operators cope with ever-tightening safety requirements, while making the right decisions at the right time to capture rising demand? What are the smartest ways to improve service reliability and fleet quality, that maximize operating and capital spend? What are the industry’s best-practices for sustainable growth, and how can they be achieved?
Play your part! Join us at the Ferries Asia Summit 2017 to push forward the regional debate on making Asia’s ferry industry more progressive, safe, and commercially sustainable. Bringing together fast-ferry, RO-RO and ROPAX vessel owners along with international and domestic maritime regulators, classification agencies, shipbuilders and naval architects, this event connects the entire value chain for a meaningful holistic debate on ferry operations excellence in Asia.
WHAT’S ON THE AGENDA THIS YEAR?
Comprehensive debates on addressing the complexity of ferry safety in Asia: Is vessel age truly the greatest concern? How significant are other factors, and how can they be addressed?
Pathways to change through greater public-private collaboration
Contrasting viewpoints on the most effective ways to enhance operational stability & passenger management
Cost-efficient O&M strategies to extend vessel life & tips for stakeholder management to avoid purchasing mistakes
Integrating ferry business with tourism opportunities through strategic partnerships
Exciting formats including speed networking, panel discussions & a high-intensity fast-pitch ‘Shark Tank’!
For more information, click here to download the brochure. If you would like to attend the event, register here before 3rd February to save USD 400.
Alternatively, email us at [email protected]for any enquiries regarding the event.
Image Courtesy: DSME
