Daewoo Completes Largest Floating Dock
According to a Sep 9 report from AsiaPulse, Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's second-largest shipbuilder, said that it has completed the construction of the world's largest floating dock. The dock is 1,437 ft long, 275.5 ft wide and 77 ft high, according to the company. (Source: AsiaPulse)
Hyundai Heavy, Daewoo Miss Order Targets
According to AsiaPulse, South Korea's Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co.,the world's No. 1 and No. 3 shipbuilder, missed their order goals this year as the global economic recession has dampened demand for new vessels, an industry source said Thursday, Dec. 18. (Source: AsiaPulse)