Daewoo Shipbuilding & Marine Engineering (DSME)


Daewoo Shipbuilding & Marine Engineering (DSME)
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Daewoo Shipbuilding, SKT agree to develop 'smart ship'
Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipbuilder, and Korea's top mobile carrier, SK Telecom (SKT), have teamed up to develop ICT-based "smart ships." In a statement Tuesday, SKT said it signed a memorandum of understanding with DSME to cooperate in a research and development (R&D) venture to build the high-tech, next-generation ships. The vessel will be equipped with a global telecommunication network based on navigation and monitoring systems, while all the on-board services will be converged onto a single network. Under the alliance, SKT will provide ICT guidelines, optimized blueprints and R&D resources, while DSME will share the needs of ship owners and smart ship-related research achievements. "By sharing our ICT technology and successfully developing a smart ship, we want to upgrade DSME's competiveness as well as the Korean shipbuilding industry," said Lee Myung-geun, head of SKT's corporate business division. Their main task will be building a multi-connected system in areas of ship-monitoring, automation and unmanned services, as well as safety and security. Eom Hang-seop, managing director of strategic planning at DSME, said that the shipbuilder was already in the process of developing the smart ship. "We have been cooperating with overseas system developers and classification societies since 2010. Through the alliance with SKT, we believe that we can solve the wired and wireless communication issues now." Priority will be given to produce visible results within this year. In a bid to make a mark in the newly emerging technology market, the two will find "quick-win" areas, where such technologies as Internet Of Tings (IOT), GPS and LTE can be quickly commercialized. The alliance is the second such cooperative venture. Previously the two had agreed to construct an LET-based Smart Shipyard at Okpo, South Gyeongsang Province, in 2011. An embedded LTE smart grid enabled the shipbuilder to do quality control and track down the shipping of materials in real time through smartphones and tablet PCs. Source : The KoreaTimes


Daewoo Shipbuilding wins 16 LNG carriers tender for Yamal LNG project
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has won in a tendering process and was awarded the contract for 16 ARC7-class LNG tankers for NOVATEK-led Yamal LNG project, ITAR-TASS reported. There were 7 bidders participating in the tender. JSC Yamal LNG and DSME signed an agreement for the construction, launching, equipment supply, outfitting and delivery of up to 16 tankers. The agreement terms establish the preliminary cost / schedule of completion and delivery. The agreement also provides for transfer of rights to finance the newbuilds construction to third parties, those picked by JSC Yamal LNG. Under the agreement, the South Korean shipyard is also committed to hand over to a Russian shipyard the necessary knowledge for construction of gas carriers, including the transfer of design and other technical documentation, training of Russian engineers and workers and subcontracting local shipbuilders to execute part of the contract. ARC7 LNG tankers are designed for year-round transportation of liquefied natural gas produced in the "Yamal LNG" project, to operate in the severe Arctic conditions (-50º C) with ice thickness of more than 2.1 meters. The cost of one LNG carrier is estimated at $ 220-230 million, thus the total project cost will make up nearly $ 3.5 billion, the Russian news agency said.


Daewoo Shipbuilding wins US$411m order for two LNG carriers
Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it had won a 469.6 billion Korean won (S$522 million) order to build two liquefied natural gas (LNG) carriers from Angelicoussis Shipping Group Ltd. The South Korean shipbuilder said in a statement the vessels are slated to be completed by the second half of 2016, and operated by Maran Gas Maritime Inc, a gas shipping unit of Angelicoussis Group. Source : Reuters


DSME to construct two LNG carriers for Teekay
Seoul: Daewoo Shipbuilding & Marine Engineering (DSME) penned an agreement to build two 173,400 cubic meter LNG carriers with options for three more units for Teekay LNG Partners.


DSME bags $3bn four drillship order from Transocean
As SeaTradeAsia reports, Daewoo Shipbuilding & Marine Engineering (DSME) bagged a bumper $3bn order to build four new ultra-deepwater drillships for US-based Transocean. DSME's facility in Okpo, South Korea will deliver the first unit in mid-2015 and the remaining three drillships will be delivered from the shipyard at approximately six-month intervals thereafter. The four drillships are designed to operate in water depths of up to 12,000 feet and drill wells to 40,000 feet. Transocean has inked a 10-year contract to charter the four drillships to oil major Shell.


Daewoo wins US$770m order from Petronas
South Korea’s Daewoo Shipbuilding & Marine Engineering said its consortium with French oil and gas group Technip SA had an order worth 910 billion won (US$771 million) to build an liquefied natural gas (LNG) Floating Production Storage and Offloading (FPSO) vessel for Malaysia’s Petroliam Nasional Berhad (PETRONAS). Daewoo said it planned to deliver the vessel by June 2015. - Reuters Read more: Daewoo wins US$770m order from Petronas www.btimes.com.my...


Daewoo Wins $560 Mln. Order For Offshore Platform
(RTTNews) - South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a $560-million deal to build a part of an offshore oil platform for a Danish firm. Under the contract with Dong E&P A/S of Denmark, DSME will deliver the topside of the platform by April 2014, the company said in a statement in Seoul on Tuesday. More at www.rttnews.com/1...


Daewoo to build four UK Royal Navy fuel tanker worth £452m
The Royal Navy has chosen South Korean firm Daewoo for a £452m deal to build four new fuel tankers, BBC reports. The 37,000-tonne Military Afloat Reach and Sustainability (MARS) tankers will allow the Royal Navy to refuel at sea. UK firms took part in the tender, but the Ministry of Defence (MoD) said none made a final bid to take part. Shadow defence secretary Jim Murphy said the move was "more bad news for British industry" while the GMB union said it was angered by the decision. Keith Hazlewood, GMB national secretary, said: "Once again UK taxpayers' money is being spent abroad on ships which are vital for the Royal Navy to defend our shores. "A proactive UK government could have put a consortium together to build these tankers in the UK." British design Despite being built in Korea, the UK has won £150m of associated contracts to assist the project.


Daewoo wins $560 mln VLCC order from Kuwait
South Korea's Daewoo Shipbuilding & Marine Engineering said Tuesday it had received an around $560 million order to build four very large crude carriers (VLCC) and one product carrier from the Middle East. Kuwait Oil Tanker Co (KOTC) inked a contract with Daewoo to build five new tankers, state news agency KUNA reported earlier.


Daewoo aims for $11 billion new shipbuilding orders in 2012
South Korea's Daewoo Shipbuilding & Marine Engineering (042660.KS), the world's No.2 shipbuilder, is aiming for around $11 billion in new orders next year, the same as it initially forecast for 2011, despite a credit crunch that has seen orders cancelled, Reuters reports. Chief Executive Officer Nam Sang-tae told reporters that the shipbuilder would spend 500 billion won ($434.71 million) in facilities and new hires in 2012, in comments that were confirmed by the company's press officer. "The commercial ship business will be better from 2013," Nam said, according to his press official. Nam believes that 70-80 percent of orders in 2012 would be for offshore vessels such as drillships. Nam also said Daewoo exceeded this year's orders target of $11 billion, taking in around $14.8 billion. ($1 = 1150.2000 Korean won)


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