Daewoo Archives — City Business News

March 15, 2023 No Responses

Daewoo Wins $517m Contract For Two LNG Carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a construction order for two LNG carriers. The shipbuilder disclosed on the stock exchange that the company behind the order was a shipowner from Oceania, without revealing th...

November 9, 2022 No Responses

Daewoo Secures $252m Contract For One LNG Carrier

South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME) has secures contract to build one liquefied natural gas (LNG) carrier. The contract, worth $252 million, was signed with an undisclosed shipowner from Oceania on 7 October, DSME said...

September 28, 2022 No Responses

Daewoo Shipbuilding Seals $1.4b Conditional Takeover Deal

South Korean shipbuilding major, Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate, Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. ...

September 7, 2022 No Responses

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...

July 26, 2022 No Responses

Daewoo Secures $495m Order For Two LNG Carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for two liquefied natural gas (LNG) carriers valued at $495 million from undisclosed European shipowners. According to local media, DSME will construct ...

January 16, 2022 No Responses

EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two So...

June 23, 2021 No Responses

Daewoo Secures Order For Six LNG-Powered Container Vessels

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs). The contract, worth KRW 1.1 trillion (about $1 billion), was signed with ...

March 23, 2021 No Responses

Daewoo Shipbuilding Shuts Down Production Amid COVID-19 Outbreak

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has stopped production at its facilities in Okpo, Geoje amid an outbreak of Covid-19 infections among workers. Close to 70 workers have tested positive for coronavirus at the ya...

December 5, 2020 No Responses

Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers

Abu Dhabi National Oil Company (ADNOC) has placed an order for three Very Large Crude Carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the...

May 23, 2020 No Responses

Daewoo Delivers 2nd 24,000 TEU To HMM

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has delivered HMM Copenhagen, its second 24,000 TEU containership from a batch of twelve units, to the compatriot shipping company HMM. The newbuilding joins its sister ship HM...

March 10, 2019 No Responses

Hyundai Acquires Daewoo Shipbuilding Firm

South Korea’s shipbuilding group Hyundai Heavy Industries (HHI) has signed a formal deal to proceed with the acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME). The deal was inked with Korean state lender Korea Development...

November 9, 2017 No Responses

Daewoo shipbuilding declares $41m profit in Q3

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier. As...

April 24, 2017 No Responses

Daewoo Shipbuilding seeks court approval for debt rescheduling

After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the...