Friday, October 5, 2012

Daewoo orders "Noticeable"

Daewoo orders "Noticeable"

Daewoo Shipbuilding & Marine Engineering has first hit $10bn of new order this year among major shipbuilders in Korea.

Analyst Jun Yong-Bum of I'M Investment & Securities said on October 4, "Daewoo has recently awarded an order for four drillships from the US based owner. Now it is estimated to get much closer to hit $11bn, 2012's new order target."

He said "As the Okpo-based shipyard is expected to win four-to-five additional newbuildings and an offshore-plant project by the end of this year, it will easily contract $12bn of new order, which steps ahead in order achievement of Hyundai Heavy Industries and Samsung Heavy Industries."

He added "Even amid a difficult market condition of diminishing drillship and LNG carrier markets as well as record-low global new order expected, Daewoo has put up a fruitful outcome."


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{C}{C}Published : October 5, 2012



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