Daewoo Shipbuilding wins US$566 mln order for drill ship

Daewoo Shipbuilding & Marine Engineering Co., the world's second-largest shipbuilder, said Monday that it has won a 554 billion won (US$566 million) order to build a drill ship. The deal from an American customer calls for Daewoo Shipbuilding to deliver the vessel, used for deep-water oil exploration, by September 2010, the company said in a regulatory filing. Shipyards in South Korea, the world's largest shipbuilding nation, have received record orders in recent years as demand has
surged for vessels to transport raw materials to China and goods to the rest of the world.