SEOUL, Sept. 26 (Korea Bizwire) — Troubled South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) is widely expected to make headway with its efforts to get back on track, as it is likely to find a private owner after 21 years of state control. Under a memorandum of understanding with DSME, key subsidiaries [...]
SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) signed a preliminary investment deal with Hanwha Group on Monday, in a move that could put the embattled shipyard in the latter’s hands. Under a memorandum of understanding, Hanwha Aerospace and other Hanwha subsidiaries will participate in DSME’s 2 trillion-won (US$1.4 billion) [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has agreed with major foreign and domestic maritime registers to cooperate in developing technologies for carbon-neutral vessels at the ongoing global gas fair in Italy. Under a deal with the American Bureau of Shipping (ABS), DSME [...]
SEOUL, Sept. 1 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has been chosen to carry out a state-funded project to develop South Korea’s first hydrogen fuel cell tugboat. Under a deal signed with the government, DSME said it will develop a 3-megawatt-class battery-fuel cell tugboat based on its remote [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has signed a business tieup agreement with two local firms on the joint development of next-generation, eco-friendly ship engines. The memorandum of understanding, which was signed with rival Samsung Heavy Industries Co. and ship engine maker [...]
SEOUL, July 25 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has won a 649.5 billion-won (US$495 million) order to build two liquefied natural gas (LNG) carriers from Europe. DSME, the world’s No. 4 shipbuilder by order backlog, said it will construct the 174-cubic-meter LNG carriers in [...]
SEOUL, June 10 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday it has signed a business partnership agreement with Greek shipper GasLog and the American Bureau of Shipping (ABS) to jointly develop an onboard carbon dioxide (CO2) capture and storage (OCCS) unit. Under the deal recently signed during [...]
SEOUL, June 14 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has signed a 1.9 trillion won (US$ 1.7 billion) deal to build a hull of an offshore facility. The deal is part of a total 2.6 trillion won project to construct a floating production, storage and offloading vessel [...]
GEOJE, May 15 (Korea Bizwire) — The Korean Metal Workers’ Union and union members from Daewoo Shipbuilding and Marine Engineering Co. (DSME) submitted a petition to the Fair Trade Commission on Tuesday, claiming that the merger between Hyundai Heavy Industries Co. and DSME undermines free competition and would create an oligopoly in South Korea’s shipbuilding [...]
SEOUL, April 4 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a leading South Korean shipbuilder, said Wednesday it has clinched a deal to build two oil carriers for an unidentified company in North America. The shipbuilder said it is set to deliver the very large crude carriers to the shipping firm by the first quarter of 2020, without elaborating on the value [...]