Search results for: Daewoo Shipbuilding and Marine Engineering (DSME)

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  • 18 August 2015
    Business & Finance

    Thirteen executive officers and advisers of the Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have offered their resignations after the company posted its biggest quarterly loss at thr rnd of July, Bloomberg reports. Namely, Daewoo posted an operating loss of KRW 2.39 trillion (USD 2.1 billion), confirming media predictions that saw the shipbuilder’s shares plunge by […]

  • 26 December 2018
    Business & Finance

    DSME has been hit with a multi-million dollar fine for violating Korean laws on subcontracting.

  • 29 July 2016
    Business & Finance

    South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) said that an order worth KRW 1.58 trillion (USD 1.42 billion) has been cancelled. According to the company’s stock exchange filing, the order was for one fixed oil production platform, placed in 2013 by a European shipowner. DSME added that the termination is not expected to have an […]

  • 30 December 2016
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry. The parties signed a Head of Agreement (HoA), under which they plan to establish a Joint Venture company (JVC) to develop an Iranian shipyard through cooperation with DSME […]

  • 14 September 2015
    Business & Finance

    Maran Tankers, the Oil Tanker Shipping unit of the Angelicoussis Shipping Group Limited, has been linked to a repeat order at Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for two Very Large Crude Carriers. The 310,000 DWT VLCCs are each priced at USD 94 million and are expected for delivery in 2017, local media reports. […]

  • 14 September 2015
    Business & Finance

    Maran Tankers, the Oil Tanker Shipping unit of the Angelicoussis Shipping Group Limited, has been linked to a repeat order at Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for two Very Large Crude Carriers. The 310,000 DWT VLCCs are each priced at USD 94 million and are expected for delivery in 2017, local media reports. […]

  • 21 August 2015
    Business & Finance

    Shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) is facing a lawsuit on the grounds of an alleged fraud against individual investors. Namely, South Korean law firm Hannuri Law has revealed plans to file a joint lawsuit in September against the shipbuilder and Deloitte Anjin accounting firm on behalf of retail investors, who are reported to have […]

  • 29 March 2018
    Business & Finance

    Alpha Gas S.A. has placed an order for two LNG carriers with DSME.

  • 7 June 2015
    Business & Finance

    Interview: Port of Oakland Braves the Storm, Eyes More Cargo World Maritime News spoke with the Port of Oakland’s Executive Director J. Christopher Lytle to learn about the ongoing developments at the port once the dust…. Read more Study: Mega-Ships Not that Mega After All? With the ever greater inflow of mega-ships in the global […]

  • 22 November 2018
    Vessels

    French LNG containment specialist GTT has been contracted to design tanks for two liquefied natural gas carriers being built at a South Korean shipyard. 

  • 21 January 2013
    Business & Finance

    On January 16, Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir set sail for the Netherlands after almost 19 months of construction at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Okpo, South Korea. After a short stopover in China, where Aegir will load the first pipe reel using its own 4000 t offshore […]

  • 18 August 2015
    Business & Finance

    Thirteen executive officers and advisers of the Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have offered their resignations after the company posted its biggest quarterly loss at thr rnd of July, Bloomberg reports. Namely, Daewoo posted an operating loss of KRW 2.39 trillion (USD 2.1 billion), confirming media predictions that saw the shipbuilder’s shares plunge by […]

  • 8 May 2018
    Business & Finance

    DSME lost the contract for up to seven FSRUs from US-based Excelerate Energy.

  • 14 January 2019

    DMSE has started the year on a high note having won a deal to build four VLCCs.

  • 8 May 2018

    Daewoo Shipbuilding and Marine Engineering (DSME) has lost a potential deal to build up to seven floating storage and regasification units (FSRUs) for US-based Excelerate Energy. The two companies signed a letter of intent in February last year for 173,400-cbm LNG FSRUs with a baseload send-out capacity of 1 Bcf/d. Under this deal, Excelerate planned to order […]

  • 5 January 2014

    Remontowa Nets Dual Fuelled PSVs Remontowa Shipbuilding S.A. (Poland) has won an order from Siem Offshore to build four dual fuelled Platform Supply Vessels (PSVs). VARD Lands $162m Deal with Harkand Vard Holdings Limited (VARD) has secured a contract with a new customer, Harkand Group (Harkand), for the design and construction of one Diving Support […]

  • 21 August 2015
    Business & Finance

    Shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) is facing a lawsuit on the grounds of an alleged fraud against individual investors. Namely, South Korean law firm Hannuri Law has revealed plans to file a joint lawsuit in September against the shipbuilder and Deloitte Anjin accounting firm on behalf of retail investors, who are reported to have […]

  • 21 January 2013
    Business & Finance

    On January 16, Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir set sail for the Netherlands after almost 19 months of construction at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Okpo, South Korea. After a short stopover in China, where Aegir will load the first pipe reel using its own 4000 t offshore […]

  • 24 March 2015

    Daewoo Shipbuilding and Marine Engineering (DSME) said it has completed lifting and installation of all 21 topside modules for Petronas’ first floating LNG (FLNG) production unit. The lifting of the first topside module for the PFLNG Satu began in September last year at the Quayside of DSME shipyard in Okpo, South Korea. The modules, on […]

  • 29 June 2017
    Business & Finance

    Cash-strapped South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has decided to proceed with the issue of convertible bonds into stocks within its economic bailout plan. Under the plan agreed in March with its creditors, the company will sell KRW 1.3 trillion (USD 1.14 billion) to the Export Import Bank of Korea, DSME said in a […]

  • 27 October 2015
    Business & Finance

    Liquefied petroleum gas shipping company Dorian LPG Ltd. has taken delivery of the ECO very large gas carrier (VLGC) Cheyenne from Korean shipbuilder Hyundai Samho Heavy Industries (SHI). The Cheyenne features 84,000 cbm in capacity and is equipped with an ME-G Type engine. It is Dorian LPG’s 13th newbuilding delivery and will trade in the […]

  • 9 March 2015
    Business & Finance

    South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has set its orderbook target at USD 13 billion for 2015 basing its forecast on the key indicators of the current business environment.  The shipbuilder reported a full year net income loss of KRW 208.9 bn, down 86.4 % when compared to figures for the same period in 2013 that […]