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DMHI 2007 contracts cross $1bn mark

DMHI 2007 contracts cross $1bn mark

Seoul: Daewoo Mangalia Heavy Industries (pictured) has announced that it signed contracts worth over $1.05bn with Hamburg Süd, Anangel Maritime Services and Tsakos Shipping & Trading just in the first four months of this year. The contracts will see the Romania-based joint venture between Korean shipbuilder Daewoo Shipbuilding & Marine Engineering and "2 Mai" Mangalia Shipyard in Romania 12 vessels for delivery by end 2010.

On January 23, German liner company Hamburg Süd, signed a contract for the construction of six 6,300 teu. DMHI claim that 'these container carriers will be the biggest ever built in Black Sea area'.

The contract with, Greek company Anangel Maritime Services, on March 29, commissioned DMHI to build four 180,000 dwt bulk carriers once again claimed to be the largest bulk carriers built in Black Sea Area.
The last contract, signed on April 18 with Tsakos Shipping & Trading wills see DMHI build a further two 180,000dwt  bulk carriers.

A statement by the company said, "The importance of ship owners which trusted in our capabilities, allow us to emphasize that this is our business card: most important owners in the world are working with Daewoo Mangalia Heavy Industries. Our full skills and capabilities will be devoted to build these projects in terms of high technology, experience and highly skilled manpower. The year 2007 will remain one of turning point in DMHI development and also for Romanian shipbuilding industry."  [25/04/07]