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 Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Towering Damen Marine Components Hits 150‏

Damen Marine Components (DMC), the oldest company in Damen Shipyards Group, celebrates its 150th anniversary today. DMC has grown from a very small shipyard established in Gorinchem in 1865,

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1615 sec (6 req/sec)