POSCO Daewoo has signed a memorandum of agreement (MOA) to supply shipbuilding materials worth US$150 million to Penataran Angkatan Laut (PT PAL), Indonesia’s largest state-run shipbuilder, according to a report in Business Korea.
Under the contract, the Korean trading company will supply engines and other parts necessary for shipbuilding, and its partner PT PAL is going to build 10 patrol boats and one combat support ship with the provided materials before delivering them to Indonesian ministries including the Indonesian Navy
and the Ministry of Communication and Information Technology.
Since 2006, the Korean company has kept close ties with PT PAL, providing technology, training and know-how to build two landing platform docks in Indonesia.
Since 2014, POSCO Daewoo has also supplied major equipment for building two landing platform docks for the Philippine Navy. They are currently under construction by PT PAL.