SeaNews Turkey - South Korea: DSME Aims for USD 11 Billion New Orders in 2012

Tuesday, 21.May.2013, 06:05 (GMT+3)

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South Korea: DSME Aims for USD 11 Billion New Orders in 2012

South Korea: DSME Aims for USD 11 Billion New Orders in 2012

South Korea’s Daewoo Shipbuilding & Marine Engineering is striving toward approximately $11 billion in new orders next year, Reuters reports.
Friday, 30.Dec.2011, 02:26 (GMT+3)

South Korea’s Daewoo Shipbuilding & Marine Engineering is striving toward approximately $11 billion in new orders next year, Reuters reports.

Nam Sang-tae, Chief Executive Officer, stated that the company is intending to invest 500 billion won ($434.71 million) in facilities and new hires in 2012. He added that 70-80% of orders in 2012 will be for offshore vessels such as drillships.

Daewoo exceeded this year’s orders target of $11 billion, taking in around $14.8 billion. ($1 = 1150.2000 Korean won).

Read: 1978 Times-

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