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Daewoo Heavy Industries Ltd News

12 Jul 1999

Daewoo To Keep Shipbuilding Unit Management

Daewoo Heavy Industries Ltd. is reportedly looking to set up a shipbuilding joint venture but will not give up management of its shipbuilding division.

31 Mar 2000

Bergesen To Buy LNG Carrier From Daewoo

Bergesen DAY. ASA plans to buy a liquefied natural gas (LNG) carrier from South Korea's Daewoo Heavy Industries Ltd. for approximately $150 million, company officials said. Under the preliminary agreement, the vessel would have a capacity of 138,000 cu. m. and be delivered in the first quarter of 2003, officials said. The final agreement is expected to be signed by early April 2000. Bergesen will also have an option to order an additional LNG-carrier for delivery in the second half of 2003.

12 Jun 2000

Greek Ferries: The New Business Model

The ultra competitive Greek ferry market has not only proven to be a fertile breeding ground for advanced marine technology, it has served as a role model for the direction of shipping services in both the region and the world. The Greek market has provided the collective builders and suppliers of advanced fast and conventional ferries a rich environment for business over the past few months, a trend that seems likely to continue. Specifically, Greek owners and operators have been at the forefront of an international buying binge for large, fast passenger, vehicle and cargo carrying craft. Driven by the need for speed, many owners are turning to advances in marine electronic and propulsion systems to ensure that the multi-million dollar investments are kept running safe and efficient.

21 Dec 2000

Wärtsilä Enjoys Good Success With Sulzer RTA84T's On Large Tankers

For the year 2000, Wärtsilä Corporation reports that 24 Sulzer RTA84T low-speed diesel engines with an aggregate power output of 713.4 MW (970,800 bhp) have been ordered for installation in very large tankers contracted at shipyards in China, Japan and South Korea. The engines will all be built by licensees of Wärtsilä in Japan and Korea. Altogether there are now 78 Sulzer RTA84T engines (including the -B and -D versions) delivered or on order, with a combined output of 2171.9 MW (2.95 million bhp). Ten 305,000 dwt oil tankers recently contracted in China and South Korea by National Iranian Tanker Co (NITC) will each be propelled by a seven-cylinder Sulzer RTA84T-B low-speed diesel engine.

16 Jan 2001

Wärtsilä Puts More Sulzer RTA84T's on Large Tankers

For the year 2000, Wärtsilä Corporation reports that 24 Sulzer RTA84T low-speed diesel engines with an aggregate power output of 713.4 MW (970,800 bhp) have been ordered for installation in very large tankers contracted at shipyards in China, Japan and South Korea. The engines will all be built by licensees of Wärtsilä in Japan and Korea. Altogether there are now 78 Sulzer RTA84T engines (including the -B and -D versions) delivered or on order, with a combined output of 2,171.9 MW (2.95 million bhp). Ten 305,000 dwt oil tankers recently contracted in China and South Korea by National Iranian Tanker Co (NITC) will each be propelled by a seven-cylinder Sulzer RTA84T-B low-speed diesel engine.

19 Nov 1999

Bergesen Orders Ore Carrier From Daewoo

Bergesen d.y. Group ASA ordered a 175,000 dwt reinforced ore carrier from Daewoo Heavy Industries Ltd. for $42 million, with an option for an additional ship. Forty percent of the contract price will be paid during building and 60 percent on delivery on the vessel, which is scheduled for October 2001. Bergesen's fleet current includes six drybulk vessels between 173,000 and 365,000 dwt.

24 Mar 2000

Bergesen To Buy LNG Carrier From Daewoo

Bergesen D.Y. ASA plans to buy a liquefied natural gas (LNG) carrier from South Korea's Daewoo Heavy Industries Ltd. for approximately $150 million, company officials said. Under the preliminary agreement, the vessel would have a capacity of 138,000 cu. m. and be delivered in the first quarter of 2003, officials said. The final agreement is expected to be signed by early April 2000. Bergesen will also have an option to order an additional LNG-carrier for delivery in the second half of 2003.