Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

DSME spending $171m on another block factory

DSME spending $171m on another block factory

Seoul: Daewoo Shipbuilding & Marine Engineering Co is to construct a Won162.2bn ($171m) block facility to speed up construction of its four-year order backlog.

The factory will be built starting 2009 at its yard in Okpo, the company said in a regulatory filing today.

DSME is set to invest an additional Won770bn this year to extend the length of its existing docks and build a floating dock.

In 2007, DSME started building blocks in China's eastern port of Yantai.

Also in 2007, DSME bought Sanshing Machinery, South Korea's largest ship block manufacturer.  [29/01/08]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg