Daewoo Shipbuilding Wins Orders from Norway and Greece

Monday, February 27, 2006
Daewoo Shipbuilding & Marine Engineering Co Ltd has won orders from Norway and Greece worth $530M. The shipbuilder said it secured an order from Norway's Odfjell Invest I Ltd to build a semi-submersible drilling rig and a deal from Kristen Navigation Inc of Greece to build a very large crude-oil carrier (VLCC), taking its order book to 2.29 bln usd so far this year. The company did not disclose the financial terms of the individual deals. It has set a full-year target of 10 bln usd for overseas orders. Souce: xinhuafinance.com

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