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 Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

Evergreen Line Orders Ten 2,800 teu Ships

Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation.

Escort Tug Launched for Bay-Houston Towing

Eastern Shipbuilding Group, Inc. announced the launch of the Escort Tug H. DOUGLAS M (Hull 236) for Bay-Houston Towing Company on November 17, 2015. This series of Robert Allan, LTD.

Cruise Ship Trends

Norwegian Escape with Biggest Scrubbers sets Sail

On a sunny October day in the German harbor-town of Hamburg, M/V Norwegian Escape, a brand new cruise ship, sets sail for the first time. On board are five Yara SOx scrubbers – one for each engine.

First Cruise Ships Dock at Abu Dhabi’s New Stopover

Abu Dhabi Ports─the master developer, operator and manager of ports and industrial zones in the Emirate―has started welcoming cruise liners at Sir Bani Yas Island,

Five P&O Cruise Ships Meet in Sydney

Sydney is the stage for the biggest get-together of a fleet of cruise ships ever seen in the harbor city.    Five P&O cruise ships have created a V-formation

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.0695 sec (14 req/sec)