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DSME pursues N Korean shipyard project

Seoul:Daewoo Shipbuilding and Marine Engineering has contacted North Korean officials in an effort to keep a joint shipyard construction project afloat amid stalled government-level efforts, reports the Korea Herald. The paper writes that the Unification Ministry states that DSME conducted working-level consultations with North Korean officials to conduct a geological survey in Anbyeon, one of the target dockyard sites. Although the company has yet to set a date for the survey, the discussion has served to clarify DSME's commitment to the project.

The shipbuilding project is said to be part of a package of inter-Korean joint businesses and projects agreed last October between South Korean President Roh Moo-hyun and North Korean leader Kim Jong-il. The two governments agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of this year as part of preparatory measures to build shipbuilding yards there.  [10/03/08]

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