Daewoo Buys Stake in Angolan Shipyard

Friday, October 22, 2010

According to a report from Bloomberg Daewoo Shipbuilding & Marine Engineering Co. agreed to buy a 30% stake in an Angolan shipyard, its first investment in an African shipbuilder, as oil drilling off the continent’s coast spurs demand for rigs. The Korean shipbuilder and Porto Amboim Estaleiros Navais Limitada’s existing owners, Sonangol Holdings and SBM Offshore NV, plan to invest around $100m in the Angolan yard by 2012 to add more piers and a 2,000-ton crane, the report cited Daewoo as saying.

(Source: Bloomberg)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BAE Systems Awarded £201m to Advance Successor Sub Design

The U.K. Ministry of Defence (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.   The

Top 10 Shipowning Nations by Value

VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

Indonesian Navy Orders MAN Engine for Training Ship

MAN Diesel & Turbo has received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia.

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
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: 0.1192 sec (8 req/sec)