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 July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MES-UBI Begins Operations in Vietnam

Mitsui Engineering & Shipbuilding Co., Ltd (MES) and UBI Tower Sole Member Limited (UBI Tower) established the joint venture company named MES-UBI Heavy Industries

Survitec Escape Slide Chosen for Norwegian Ferry

The all-electric Zero Cat ferry, currently under construction at the Fjellstrand yard in Norway, will enter service next year with Norled as the first Norwegian

First N.American Boat Powered by Volvo Penta IPS

Thomas Paine, the new 50-ft. aluminum patrol boat that joined the Massachusetts Environmental Police fleet in July, is the first commercial vessel in North America

Navy

EU to Help Italy Cope with Boat Migrants

The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the

Today in U.S. Naval History: August 27

Today in U.S. Naval History - August 27 1917 - Squadron of minesweepers departs U.S. for service off France 1944 - USS Stingray (SS-186) lands men and supplies on Luzon,

US Aircraft Carrier 'Ike' Leaves Drydock

The aircraft carrier USS Dwight D. Eisenhower (CVN 69) (Ike) has left dry dock and moved from Dry Dock 8 to pier 42/43 at Norfolk Naval Shipyard (NNSY) in Portsmouth, Va.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1939 sec (5 req/sec)