December 28, 2007

Daewoo books $2.1 billion FPSO order

Daewoo Shipbuilding and Marine Engineering has received a $2.1 billion order to build a floating production, storage and offloading (FPSO) vessel for a major European oil company.

It also won orders worth $900 million to build two bulk carriers for an Asian company and a drilling vessel for a company located in Oceania.

The orders bring the company's total orders for the year to 135 vessels worth $21.5 billion, making this the first year the company has taken in more than $20 billion in orders.