Indonesia Orders Submarines from DSME

DSME News Release
Monday, February 27, 2012
Indonesian Contract Signed: Credit DSME

DSME won a new order for three submarines from Indonesia. This contract is the single biggest arms sales deal by a Korean firm and the value of the contract is approximately 1.1 billion dollars with the submarines scheduled to be delivered in the first half of the year of 2018.


This contract is comprised of three 1,400 ton class diesel-powered submarines with each one measuring 61.3m from stern to bow with the ability to carry 40 crew. These submarines will be fully armed with eight weapon tubes able to discharge all kinds of torpedos, mines, and guided missiles.


DSME had an elaborate plan for this contract originating in 2006 as a gradational strategy with the Indonesian government. The company originally got depot maintenance and performance improvement contracts from the Indonesian Navy in 2003 and 2009. DSME established a close working relationship with the Indonesian government so that the company was able to achieve Korea's first export of submarines.
DSME has the best sales record in the submarine business among the Korean Shipbuilding companies. The company originally built a 1,200 ton class submarine in 1988 through technology passed down from Germany. This contract has given DSME an competitive advantage over price, quality, logistic support, and ship building technology compared with France, Germany, and Russia which are the traditional powers of the diesel submarine building industry.


The President and CEO of DSME Mr. Sang-Tae Nam said, “We have now secured a foothold in the submarine business in Southeast Asia and we look forward to additional orders based on this contract.”
DSME has won a total of 14 submarine contracts, including this contract, at home and abroad. The company has also been awarded 15 depot maintenance and performance improvement contracts in Korea and 2 contracts from abroad. Based on these achievements, DSME is raising its profile as a strong company in the submarine building market.
This latest contract puts DSME’s 2011 secured orders at 52 vessels, special ship, and offshore platforms worth USD 14 billion and exceeds the sales target by 30%.

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

Shipbuilding

ERMA Bullish on Ballast Water Treatment

After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,

USS Freedom (LCS 1) Completes Rough Water Trials

The littoral combat ship USS Freedom (LCS 1) completed Seakeeping and Structural Loads Trials, commonly referred to as Rough Water Trials (RWT) in late March the Navy reported May 21.

Conrad Announces Management Team Changes

Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer.   Johnny Conrad, President and Chief Executive Officer,

Navy

DMW Marine Takes the Lead in Military Cranes

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.

Myanmar Finds 200 Bangladeshis in Offshore Boat

Myanmar's navy found a boat carrying more than 200 Bangladeshis, the government said on Friday, after the military chief said some migrants landing in Malaysia

HMAS Anzac Visits Portsmouth, UK

The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment.   Anzac departed Sydney in March 2015,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.2929 sec (3 req/sec)