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 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

MARAD Shipbuilding Loan Guarantee

The launch of the Bravante IX, built in a U.S. shipyard, was from the investments made by the Maritime Administration (MARAD) just three years ago. The investment

Cruise Ship Trends

Keel Laid for Holland America Line’s New Ship

Holland America Line celebrated the keel laying of its new 2,650-guest Pinnacle Class ship on August 22 at Fincantieri’s Marghera shipyard in Italy. A 680-ton block

Kiel Port Growth Continues

Cargo and passenger handling rise by 3%. Handling in the Port of Kiel continued to grow in the first half of the year. A total of 3.24 million tons of cargo

Warming Aids Arctic Economies, but Short of 'Cold Rush'

Climate change is aiding shipping, fisheries and tourism in the Arctic but the economic gains fall short of a "cold rush" for an icy region where temperatures are

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage 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: 0.1068 sec (9 req/sec)