Daewoo Shipbuilding wins US$800 mln order from Russia

Daewoo Shipbuilding & Marine Engineering Co., South Korea's second-largest shipbuilder, said Thursday that it has won an order worth US$800 million to jointly construct oil carriers for Russia with its venture there. The order calls for the companies to deliver 12 ships by 2014 to the Russian state-owned shipping company Sovcomflot OAO, the Korean company said in a statement.