Norway’s Songa Offshore has filed $65.8m in counterclaims against Daewoo Shipbuilding and Marine Engineering (DSME), in a dispute over semi-submersible rigs Songa Equinox and Songa Endurance.

Loss-making Daewoo Shipbuilding & Marine Engineering (DSME) has announced a painful decision to further axe another 12,000 staff over the next two years, the shipbuilder’s ceo Jung Sung-leep was reported saying.

Daewoo Shipbuilding & Marine Engineering (DSME) has posted a deep loss of KRW5.13trn ($4.26bn) in 2015, reversing from the profit of KRW33bn in 2014.

Daewoo Shipbuilding and Marine Engineering (DSME) has contracted Wärtsilä to supply combined inert gas generators and gas combustion units for 17 LNG Carrier newbuilds, under construction for owners in Singapore, Greece, South Korea, Cyprus and...

A fire broke out on a 84,000-dwt LPG carrier at Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering (DSME) on Monday morning, killing two yard workers and leaving seven injured, reports said.

Daewoo Shipbuilding & Marine Engineering (DSME) recorded a huge KRW2.39trn ($2.05bn) net loss in the second quarter as the yard continues to struggle with a lack of offshore orders.

Greek owner Chandris Shipping has exercised an option for a second 173,400cu m LNG Carrier at Daewoo Shipbuilding & Marine Engineering (DSME) for an undisclosed sum.

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has sent notices of arbitration to Norway’s Songa Offshore in relation to the construction contracts over four Category-D rigs.

Daewoo Shipbuilding & Marine Engineering (DSME) has put on hold its plans to acquire STX France, according to DSME ceo Jung Sung-Leep.

Maersk Line today signed a shipbuilding contract with Daewoo Shipbuilding and Marine Engineering (DSME) for 11 triple-E vessels, plus six options.