Daewoo Clinches $531m Order

Wednesday, June 28, 2006
Bloomberg has reported that Daewoo Shipbuilding & Marine Engineering Co., said it has received a $531m order to build container ships for a customer in Panama. The Seoul-based company will build an unspecified number of container ships and deliver them by April 30, 2010, Daewoo said in a regulatory filing to the Korea Exchange today, without revealing the identity of the customer. Daewoo and South Korea's six other shipbuilders, which built 38 percent of vessels delivered globally in 2005, said this month they may raise prices of ships to take advantage of record orders and protect their profits from increasing steel costs. Daewoo Shipbuilding earned a net income of 19.9 billion won in May, compared with a loss of 19.9 billion won in the same month last year, the company said. Sales last month rose 4.6 percent to 383.1 billion won from last year, Daewoo Shipbuilding said today. Source: Bloomberg
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Towering Damen Marine Components Hits 150‏

Damen Marine Components (DMC), the oldest company in Damen Shipyards Group, celebrates its 150th anniversary today. DMC has grown from a very small shipyard established in Gorinchem in 1865,

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2578 sec (4 req/sec)