Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
First snow to fall in Seoul on Wednesday
-
4
Man convicted after binge eating to avoid military service
-
5
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
8
S. Korea not to attend Sado mine memorial: foreign ministry
-
9
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
10
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
Daewoo Shipbuilding in talks with Hyundai Merchant over ships
By YonhapPublished : Sept. 1, 2017 - 14:51
Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Friday that it is in talks with the country's leading shipping firm, Hyundai Merchant Marine Co., over the construction of five very large crude carriers.
In a regulatory filing, Daewoo Shipbuilding said the two, however, have yet to reach an agreement on the terms of the deal.
In a regulatory filing, Daewoo Shipbuilding said the two, however, have yet to reach an agreement on the terms of the deal.
On Thursday, Hyundai Merchant said it plans to spend 470 billion won ($419 million) to buy five new VLCCs and 182 billion won to acquire two container vessels.
In April, the two signed a letter of intent for the potential deal.
The Daewoo-Hyundai deal is the first under a government-initiated program to revive the shipping industry.
Daewoo Shipbuilding was saved from bankruptcy after its creditors arranged a 6.7 trillion won rescue package. Winning new orders is critical for the shipbuilder who needs to solve its liquidity problems. (Yonhap)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
