Daewoo Shipbuilding secures $2.3b orders in June

Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest yard, said it won $2.3 billion of orders in June, its biggest month this year, as demand increased for moving fuel and commodities, AP reported. Contracts were received for 12 vessels in the month, the Seoul-based company said in a statement. Buyers ordered nine Very Large Crude Carriers, the biggest of their type, a deepwater drill ship and two bulk carriers for 2012 delivery Yards in South Korea, the world's biggest shipbuilding nation, may win record orders for a sixth year as buyers pay a premium to ensure timely deliveries. More than half of the global ship orders by tonnage were won by South Korean yards in the first five months of this year, according to London-based shipbroker Clarkson Plc.
Daewoo Shipbuilding, which aims to win $17.5 billion of orders this year, has received $7.56 billion in the first half.

Source: MENAFN