Daewoo Shipbuilding WIns $542M Deal For 4 Container Carriers

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday that it has signed a 640.8 billion won ($542 million) deal to build four container carriers, Nam Kwang-sik reported for Yonhap News Agency.

Photo Insert: DSME has already surpassed its $7.7 billion won annual order target.

Under the deal with a European country, DSME will deliver the vessels by November 2024, it said in a regulatory filing.

In the first nine months, DSME posted $8.04 billion in new orders, surpassing its annual order target of $7.7 billion won.

It is the first time for the company to achieve its annual order target since 2014 when the company won new orders worth $14.9 billion, DSME said.

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