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Stena spends $942m on Samsung drill ship

Stena spends $942m on Samsung drill ship

Seoul: Samsung Heavy Industries Co, the world's second-largest shipyard, said Thursday that it has won a US$942 million deal to build a drill ship.
The deal with Sweden-based Stena Line Co. calls on Samsung Heavy to deliver the vessel, used for deep-water oil exploration, by December 2011, the company said in a statement.
Samsung Heavy has won deals valued at around $6 billion so far this year. The company has obtained contracts to build 23 drill ships since 2000, accounting for 72 per cent of all global orders for such vessels. [01/05/08]

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