S. Korea shipbuilder wins $1.8 bn Danish order

South Korea's Daewoo Shipbuilding and Marine Engineering said Monday it has won a $1.8 billion deal to build 10 giant container ships for A.P. Moeller-Maersk of Denmark.

Under the agreement with the world's largest container carrier, Daewoo said it will by 2015 deliver the 10 ships, which each have a capacity of 18,000 TEU (twenty-foot equivalent unit) containers.
Daewoo, South Korea's second largest shipbuilder, in February won a $1.8 billion order from the same shipper with an option to provide 20 additional vessels if requested.
The latest agreement is part of that agreement, Daewoo said.
"With this deal, we have achieved 61 percent of our sales goal of $11 billion for this year," the company said in a statement.