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Daewoo Shipbuilding wins $500m order
Published : Nov 17, 2011 - 17:13
Updated : Nov 17, 2011 - 20:37
Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Thursday that it has won a US$500 million deal to build two ships.

Under the contract in a joint venture with Brazil’s Odebrecht and France’s Technip, Daewoo Shipbuilding will deliver pipe-laying support vessels by August 2014, the company said in a statement.

The vessels will be chartered to Petroleo Brasileiro SA for deep-water oil explorations, according to Daewoo Shipbuilding.

Daewoo Shipbuilding has won deals valued at $13 billion so far this year to build 48 ships. 

(Yonhap News)
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