Daewoo Shipbuilding wins US$400 mln order from Greece

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, said Thursday it has signed a US$400 million deal to build four oil tankers for a Greek firm.

Under the deal with Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, Daewoo Shipbuilding plans to deliver the tankers by 2016, the company said in an e-mailed statement.

The two companies have also signed a separate contract with an option to change bunker-C oil-propelled engines of the tankers to liquefied natural gas-powered ones.

If the Greece shipper wants the engine change, the price of the oil carriers will be raised from the originally contracted price, a company official said.

With the latest deal, the shipbuilder has won a total of about $5.8 billion of orders so far this year.
Source: Yonhap