Daewoo Wins $766m Tanker Deal

Daewoo Shipbuilding & Marine Engineering Co., said that it has won a deal worth $766m to build five oil tankers. The deal from Oman Shipping Co. calls on Daewoo Shipbuilding to deliver the vessels by April, 2012, the shipbuilder said in a regulatory filing. Daewoo Shipbuilding has received $1.27 billion in orders this year, and expects orders to fall 19 percent this year. (Source: Yonhap)