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.


Shipbuilding

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0715 sec (14 req/sec)