Daewoo Wins Deals for Drill Ships

Daewoo Shipbuilding & Marine Engineering Co., has won deals worth $1.46b to build two drill ships. The deal with two American companies calls on Daewoo Shipbuilding & Marine Engineering to deliver the vessels by September, 2011, the shipbuilder said in a statement.
Daewoo Shipbuilding said the deal includes an option to build another drill ship.
With the contracts, the shipyard has won deals worth $4.1b to build offshore facilities such as platforms and rigs. For the year, the shipyard expects more than $6b in orders to build such facilities.
So far this year, Daewoo Shipbuilding has won $10.9b worth of orders to build ships and offshore facilities, about 62 percent of this year's target of $17.5b.