Marine Link
Sunday, October 23, 2016

Daewoo Shipbuilding Receives African Drillship Order

October 16, 2013

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it has received an order to build two DSME e-Smart drillships for a combined $1.24 billion.

Under its current schedule, Daewoo Shipbuilding is slated to deliver both vessels to its African customer by the end of 2015, the company said. The shipbuilder did not reveal the contractor’s name.

DMSE said the drillships will be capable of drilling 12Km deep in 3.6Km deep sea, and each ship will house two drill towers and two blowout preventers.

According to multiple sources, Daewoo Shipbuilding is on pace to surpass its 2013 turnover target of $13 billion. The company has received six drill ship orders so far this year in addition to orders for container ships and offshore plants, contributing roughly $11.26 billion toward its 2013 target.

Sources: Yonhap News, Business Korea, staff

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News