Daewoo Raises Order Goal

Monday, October 02, 2006
According to Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world's second-largest shipyard, raised its target for new orders this year to a record $12b on increased demand to produce and transport energy goods. The shipyard expects new orders this year will be 20 percent higher than its earlier forecast of $10 billion, the Seoul-based company said in an e-mailed statement today. It has clinched contracts valued at $10.2 billion so far in 2006. Last year, it won a total $6.8 billion worth of orders. Daewoo Shipbuilding joins South Korean rivals Samsung Heavy Industries Co. and STX Shipbuilding Co. in increasing forecast for new orders this year, boosted by global demand for energy products. Shipyards in South Korea, home to the world's biggest, and other dockyards in Asia have been receiving more contracts to build rigs and vessels to Daewoo Shipbuilding raised its order forecast this year after winning contracts for three vessels valued at $430 million. One of the contracts is for a ship that can carry LNG to Taiwan's TMT Co. by August 2010 and the other is for two vessels that can transport liquefied petroleum gas to Greece-based Brave Maritime Corp. by January 2010.

With the latest $430-million order, Daewoo Shipbuilding has secured contracts for 14 LNG vessels with a backlog of 38, the biggest in the world, the company said. It also won contracts for 11 so-called very large crude carriers, or VLCCs, this year. Orders for drillships, platforms and other offshore projects have reached a record $4.23 billion this year, almost tripling last year's $1.47 billion, the company said. Daewoo Shipbuilding has an order backlog valued at about $23 billion, which will help keep its dockyards busy for more than three years. Source: Bloomberg

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Catamaran Passenger Ferries Delivered in Angola

Incat Crowther announced the delivery a pair of 30m catamaran passenger ferries, Macôco and Panguila, to Instituto Marítimo e Portuário de Angola. The vessels, built by Astilleros Armon in Spain,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

TRIYARDS Buys into Aluminium Shipbuilding Expertise

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added new capabilities, products

Cruise Ship Trends

Cruise Ship Returns to Texas after Ebola Concern

The Carnival Magic cruise ship was en route back to the United States on Saturday with a passenger from Texas who might have handled specimens of the first Ebola

Kiel's 2014 Cruise Shipping Season Ends

Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands.

Cruise Ship Passenger Isolated Due to Ebola Risk

A Texas hospital employee who may have handled lab specimens from an Ebola victim has entered voluntary isolation on board a Carnival cruise ship in the Caribbean.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1506 sec (7 req/sec)