The Korea Herald

피터빈트

Daewoo Shipbuilding wins $500m order

By Korea Herald

Published : Dec. 16, 2013 - 19:43

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Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Monday it has won a $500 million order for five tankers from an American shipping company.

Under the deal with Scorpio Tankers, Daewoo Shipbuilding will deliver the tankers by the first half of 2016.

Earlier this year, Scorpio Tankers placed orders for four tankers and three gas carriers, the South Korean shipbuilder said.

Daewoo Shipbuilding has won orders worth of $12.5 billion so far this year, achieving 96 percent of its 2013 target of $13 billion. (Yonhap News)