Daewoo Wins Two VLCC Orders

Daewoo Shipbuilding & Marine Engineering (CEO Jung Sung-lip) announced on April 4 that it won two large-sized crude oil carrier (VLCC) orders from ship owners in the Americas.

The large-scale crude oil carrier that it won this time will be built at the Okpo shipyard in Geoje, Gyeongsangnam-do with a length of 336 meters and a width of 60 meters, and will be delivered to the shipowner by the first quarter of 2020.

Two Orders of VLCC from Daewoo Shipbuilding & Marine
Image credit: dsme.co.kr

Daewoo Shipbuilding & Marine Engineering is expected to maximize the effect of repetitive drying by applying the same design and specifications. This will have a positive impact on the company’s productivity and profitability.

In particular, the shipowner who signed the contract is expected to place orders with DSME in preparation for an increase in oil exports in the Americas.

Based on current contracts, DSME’s shipbuilding orders accounted for 42 vessels, 75 large-sized crude oil carriers, 26 large-sized container carriers, and 7 large-sized containerships. Daewoo Shipbuilding & Marine Engineering plans to maximize productivity and profitability through continuous construction by simplifying the construction of dry-type vessels with high value-added vessels.

Press release: dsme.co.kr

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