SEOUL, Nov. 25 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering, which aims to nurture the defense sector as a next-generation growth engine, has won six corvette orders for the Royal Malaysian Navy. The deal will be finalized once the Malaysian government makes the final approval. A corvette, a small lightly armed warship, is primarily used for [...]
SEOUL, Oct. 12 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering said on October 10 that it held the first “Ocean Arbor Day” event on the previous day with 300 employees and their families at a beach in Jisepo-ri within Geoje Island. The participants planted in the water common eelgrass (Zostera marina), with an accompanying lecture [...]
SEOUL, Sep. 30 (Korea Bizwire) — It is likely the next-generation submarine for the Republic of Korea Navy will be Jangbogo III (Batch I) based on homegrown technology. The Defense Acquisition Program Administration said on September 29 that Daewoo Shipbuilding & Marine Engineering, the shipbuilder to assemble two 3,000-ton class conventional submarines, has sufficient capabilities to build [...]
SEOUL, Sept. 19 (Korea Bizwire) – Only two days after an announcement that it won a super large-scale liquefied petroleum gas carrier order, Daewoo Shipbuilding & Marine Engineering said on September 18 that it landed another deal to build an environmentally friendly liquefied natural gas carrier equipped with a high-pressure fuel supply device. The company’s president Koh Jae-ho [...]
SEOUL, July 31 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering announced that it has signed a contract to provide complete diagnosis and consulting service for enhancing efficiency in shipyard operations, with BAE Systems Surface Ships Ltd. of Britain. The main purpose of this agreement is to conduct diagnosis on BAE’s shipbuilding business and dockyard operation system [...]
SEOUL, June 13 (Korea Bizwire) – A gas storage and regasification unit provided by Daewoo Shipbuilding and Marine Engineering (DSME) will support the power generation needed for the upcoming World Cup Games in Brazil by supplying natural gas from the offshore facilities. DSME announced on June 11 that its LNG-FSRU*, or liquefied natural gas floating [...]
SEOUL, May 28 (Korea Bizwire) – After cooperation for the smart shipyard, SK Telecom and Daewoo Shipbuilding & Marine Engineering (DSME) decided to work together for the development of “smart ships.” On May 27, the two companies signed an agreement for the development of the smart ship. A smart ship is a next-generation vessel equipped [...]
SEOUL, May 8 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering (DSME) continues winning orders for commercial vessels by receiving orders of two ultra-large LPG carriers. DSME announced on April 7 that it signed a contract to build two very large gas carriers (VLGCs) with an Asian client. The value of a vessel is approximately [...]
SEOUL, Korea, Mar 7 (Korea Bizwire) – Samsung Heavy Industries won on February 14 a deal to build a floating liquid natural gas (FLNG) ship for Malaysia’s state-run oil company Petronas at the cost of US$1.47 billion. Given most container ships cost about $200 million apiece, this is more than seven times more expensive. Including [...]