IMO ENVIRONMENTAL REGULATIONS
Are IMO regulations tough enough to keep national governments from imposing stricter measures?

Yes--Mostly
Only partly
No--expect a slew of regional regs!

Marine Log

July 9, 2007

Daewoo books $1.49 billion box ship order

Korea's Daewoo Shipbuilding Marine & Engineering Co., the world's second-largest shipbuilder, said in a regulatory filing today that it has won a contract valued at 1.37 trillion won ($1.49 billion) to build nine container vessels.

Yonhap News Agency says the deal from "a European shipping company" calls on Daewoo to deliver the ships by March, 2011.

The news follows an announcement by Daewoo Shipbuilding on Sunday that it had raised its yearly sales target to $16 billion this year from the previous $11 billion, based on increased orders for containerships.

Even before today's announcement, Daewoo had reached the $11 billion target with orders for to build 84 ships and offshore units.

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