Daewoo: Exceeds $11B Order Target by 9%

Monday, October 17, 2011

According to a report on www.marketwatch.com, Daewoo Shipbuilding & Marine Engineering Co. exceeded its annual order target of $11 billion by 9%, helped by two separate contracts totaling $1.95 billion. The contracts take orders to $12 billion as of Monday.  Daewoo will build a $550-million drill ship for an unnamed North American company by the first half of 2014 and a $1.4-billion offshore natural-gas-processing platform for Chevron Corp. by the second half, the report said, citing a company source.

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