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

Shipbuilding

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Austal Launches 5th CCP Boat

Austal launched yesterday its fifth in-series Cape Class Patrol Boat (CCPB) at the Company’s Australian Defence Facility in Henderson, Western Australia. Cape

World’s 1st LNG Hybrid Barge Christened "Hummel"

The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name "Hummel" on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg.

Navy

Mount Whitney Departs Batumi, Georgia

The U.S. 6th Fleet command and control ship USS Mount Whitney (LCC 20) departed Batumi, Georgia, Oct. 18 after completing a successful port visit. While in Batumi,

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

US Navy to Christen Littoral Combat Ship Detroit

The Navy will christen littoral combat ship (LCS) Detroit, on Oct. 18 during a ceremony at Marinette Marine Corporation shipyard in Marinette, Wisconsin. Secretary of the Navy Ray Mabus,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
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: 0.2221 sec (5 req/sec)