Daewoo Wins $800m in Contracts

According to reports, Daewoo Shipbuilding Marine & Engineering Co., won $800min orders from several European companies to build three bulk carriers and one offshore drill ship. The deals require Daewoo Shipbuilding to deliver the vessels by June 2010, the company said. It did not identify the companies that made the orders. Daewoo Shipbuilding said it has received shipbuilding orders valued at $8.36 billion so far this year, achieving more than 80 per cent of this year's target of $11 billion. Source: Business in Asia Today