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Daewoo wins order for boxship quartet

Daewoo wins order for boxship quartet

One of the biggest shipbuilding companies of South Korea, Daewoo Shipbuilding and Marine Engineering (DSME) has received an order for the construction of four containerships.

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The contract is worth KRW 486.3 billion ($441 million) and the company has set the target for this year of $7.7 billion, Yonhap reports.

The order was placed by an unnamed European owner, DSME said in a legal/law-based filing. The ships are scheduled for delivery by September 2023.

The order has been unveiled on the back of another significant deal in the sector in which DSME received a $ 1 billion order for 6 LNG-powered 23,500+ TEU ultra large boxships.

Beside that, Korea Shipbuilding & Offshore Engineering (KSOE) has announced the extention of the deadline for the acquisition of shares in compatriot DSME amid regulatory postpones

The mega-merger deadline has been extended from September 2020 to June 2021 after KSOE inked a contract amendment with DSME on January 22, 2021.

Maritime Business World 

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