[DISCLOSURE]
Daewoo Shipbuilding and Marine Engineering (042660) reported in its semiannual report Aug. 17 that it will deliver two drill ships to Angolan state-run oil firm Sonangol EP and will receive 1.32 trillion won (US$1.2 billion) for the ships by Sept. 30.
The company also announced that it has moved up the ships’ delivery date, which was originally set by the end of this year.