DAEWOO SHIPBUILDING & MARINE ENGINEERING LTD
Daewoo Shipbuilding Marine & Engineering Co., won a $430m order to build an offshore drill ship. The deal from Odfjell Invest Ltd. calls for Daewoo Shipbuilding to deliver the semi-submersible ship by June, 2010, the company said. Daewoo Shipbuilding said that the deal includes an option to build another drill ship. The company won a total of $4.3 billion worth of orders in 2006 to build offshore facilities such as platforms and rigs. For the year, Daewoo Shipbuilding expects more than $3 billion in orders to build such facilities. So far this year, Daewoo Shipbuilding has won $1.65 billion worth of orders to build ships and offshore facilities, about 15 percent of this year's target of $11 billion. Source: Yonhap
Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately USD 86 million. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006
Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately $86m. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006
Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea for delivery of mooring equipment. The total contract value for Aker Kvaerner is approximately NOK 60 million. The contract involves supply of mooring equipment for two semi-submersible drilling rigs to be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd for the Norwegian rig owner SeaDrill. Four sets of double mooring winches and eigth underwater fairleads will be
According to Asia Pulse Data Source, Daewoo Shipbuilding & Marine Engineering Co., has won a deal valued at 606 billion won (US$647 million) to build a drill ship. The deal calls on Daewoo Shipbuilding to deliver the vessel by July 2011, the company said in a regulatory filing, without identifying the customer. Daewoo Shipbuilding has won more than $22 billion worth of contracts so far this year to build 136 vessels.
According to a report from Steel Guru, Korea based Daewoo Shipbuilding & Marine Engineering and the Premier of Nova Scotia, Canada, celebrated the grand opening of DSME Trenton Ltd on June 14th 2011. Source: Steel Guru
Doosan Group pulled out of the bidding for Daewoo Shipbuilding, driving down shares of one of the world's biggest shipyards. South Korean steel maker Posco was reportedly seeking partners to bid for Daewoo Shipbuilding & Marine Engineering in a deal that would value the shipbuilder at as much as $9.6b. Shares in Doosan Group companies rose after it said it would not bid for Daewoo, easing concerns over the financial health of the conglomerate
Hyundai Heavy Industries said it will make an independent bid together with its two affiliates for a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME), according to Korea Times. The remarks come after SK Energy said it is considering joining a consortium led by POSCO. Industry experts say SK Energy will join the POSCO-led consortium and plans to invest less than about $90m, a token amount for the size of Daewoo Shipbuilding.
According to a Jan. 13 report from Reuters, Korea Development Bank, in talks to sell Daewoo Shipbuilding to Hanwha Group, asked Hanwha to rework its financing plan amid speculation the estimated $5b sale could fall apart. State-run KDB, a top shareholder in Daewoo Shipbuilding & Marine Engineering, also said it would decide whether the deal could go through based on the new funding plans from Hanwha. (Source: Reuters)
Goldman Sachs Group Inc. is out as co-adviser of the sale of Daewoo Shipbuilding & Marine Engineering Co., according to a report on Bloomberg. According to the Bloomberg report, Korea Development Bank reversed its earlier decision to have Goldman be a preferred bidder as co-adviser of the sale of a 50.4 percent stake in Daewoo Shipbuilding, as the bank and Goldman apparently failed to reach an agreement on terms of the contract
MacGregor has won an order from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea for the design and delivery of MacGregor RoRo cargo access equipment. It is destined for a 180-meter logistics and support vessel (LSV) under construction at the yard for the Royal Norwegian Navy's
Rolls-Royce has reached a milestone in the Republic of Korea Navy’s FFX frigate program, with the successful completion of acceptance tests for the MT30 gas turbine. The MT30, which will power the FFX Batch II frigates, is the world’s most power-dense marine gas turbine
Alfonso Cebollero has been appointed as SENER's Regional Director for Asia and Pacific, while Guangwu Liu has become SENER's new Country Manager in China. Both will coordinate the Engineering and Technology Group’s projects in the above-mentioned geographical areas where SENER’s
Bestobell Marine has recently secured its first order to supply its brand new range of cryogenic high pressure Globe valves to DSME (Daewoo Shipbuilding & Marine Engineering Co Ltd) in South Korea. The innovative new valves have been developed over the past two years
Mitsui Engineering & Shipbuilding Co., Ltd., and 100% owned subsidiary MES Technoservice Co., Ltd., have received an order from a Taiwan shipowner for fuel-efficiency modifications to the main engine (Mitsui-MAN B&W 12K98MC/M6) of three large type container vessels.
Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwait Oil Tanker Co. S.A.K. (KOTC) in Geoje, Korea on August 25, 2014.
Mr. Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwait Oil Tanker Co. S.A.K. (KOTC) in Geoje, Korea on 25 August 2014.
Gresham Power Electronics (GPE), the Salisbury-based defence and commercial power conversion specialist, has secured a £1.18 million order to supply uninterruptible power supply (UPS) systems to be fitted to Military Afloat Reach and Sustainability (MARS) tankers currently being built by
Ulstein Design & Solutions has entered into a contract with Wuchang Shipbuilding Industry Co., Ltd, China, for the delivery of ship design and equipment for four PX121 type platform supply vessels. The shipowner is the Singapore based Otto Offshore Ltd., who will receive all vessels in 2016
MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd., for two 100-metric-ton active heave-compensated subsea MacGregor cranes. The cranes will be fitted to two 86-meter multipurpose platform supply vessels (PSVs) under construction at the
The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research foresees a fall in the number of
Singapore Technologies Engineering Ltd (ST Engineering) announced today that SDG Kinetics Pte. Ltd. (SDGK) and Autonomous Technology Pte Ltd (ATPL), wholly owned subsidiaries of its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), have injected BRL5,499
Eastern Shipbuilding Group (ESG) said that Suderman & Young Towing Company & Bay Houston Towing Company have placed orders for a total of four new Robert Allan, LTD. (RAL) Z-Tech 2400 Class Terminal & Escort Tugs at Eastern’s Panama City, Florida facilities.
Foster Wheeler AG announced today that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded two contracts for Heat Recovery Steam Generators (HRSGs) in Asia. BHI offers HRSGs, pulverized coal (PC) boilers, circulating fluidized bed (CFB) boilers and oil and gas boilers all
Portsmouth Shipbuilding Group was set up in the wake of the decision made by BAE Systems last year to relocate its shipbuilding division to the Clyde, in Scotland, a move that put hundreds of jobs at risk, reports ‘The [Portsmouth] News'.