Daewoo Shipbuilding wins $500m order

Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Thursday that it has won a US$500 million deal to build two ships.

Under the contract in a joint venture with Brazil’s Odebrecht and France’s Technip, Daewoo Shipbuilding will deliver pipe-laying support vessels by August 2014, the company said in a statement.

The vessels will be chartered to Petroleo Brasileiro SA for deep-water oil explorations, according to Daewoo Shipbuilding.

Daewoo Shipbuilding has won deals valued at $13 billion so far this year to build 48 ships. 

(Yonhap News)