Search results for: dsme

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  • 3 October 2012

    DSME recently published its 2012 Environmental Report. The report contains the details of DSME’s environmentally-focused initiatives and progress to date. After having published six previous editions which included DSME’s environmental efforts, the company recognized the need to share more details of its environmental expertise based on its experience as a leading manufacturing company. In the […]

  • 2 April 2013
    Business & Finance

    A ceremony was held recently to commemorate the completion of the Indonesian submarine’s basic design. It is Korea’s first submarine export so DSME received a great deal of media attention when signing the contract. DSME had 50 basic design drawings approved by the Indonesian Navy and began the structure and production design. The Indonesian submarines […]

  • 29 October 2014
    Business & Finance

    Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for two LNG carriers, worth a total of  approximately USD 408 million. According to DSME’s filing to Korean Stock Exchange, the client behind this order is an unnamed European shipowner. The vessels are slated for delivery by the end of August 2017, as […]

  • 13 April 2011

        In response to the tragic earthquake and tsunami in Japan, DSME has collected 700 million won. The company launched a donation campaign for Japan after the 9.0-magnitude earthquake struck off the northeastern coast of Japan, unleashing a massive tsunami. All of DSME’s employees participated in the campaign, through the company and its branch […]

  • 26 June 2015
    Business & Finance

    South Korean shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) has shelved its plans to acquire STX France for the time being, according to DSME’s CEO Jung Sung-leep. Speaking at a press conference on Thursday at the company’s headquarters Jung said that STX France is a solid company with a good outlook, especially in the context of DSME’s […]

  • 9 July 2013
    Business & Finance

    South Korea’s Daewoo Shipbuilding Marine and Engineering, on June 25th, held sail away ceremony for CLOV FPSO at E-quay. Around 70 honored guests attended the event, including Mr. Jean-michel Lavergne the managing director of Total E&P Angola. Recently DSME has accelerated its progress in preparation for sail away. On 14th June, DSME operated the four […]

  • 15 June 2016
    Business & Finance

    An accounting probe launched into the financials of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) has found an accounting fraud in the amount of some KRW 1.5 trillion (USD 1.28 billion), The Korea Herald reported. The inspection also revealed that the company’s management undertook business projects without legitimate procedures. Furthermore, the shipbuilder’s main creditor Korea Development […]

  • 9 July 2013

    Daewoo Shipbuilding & Marine Engineering (DSME) organized in late June the delivery ceremony for CLOV FPSO. The event was held at DSME’s E-quay with the participation of many honored guests, including Mr. Jean-michel Lavergne the managing director of Total E&P Angola. During the construction, DSME achieved 14 million safe working hours on the CLOV FPSO. […]

  • 29 July 2013
    Project & Tenders

    Daewoo Shipbuilding & Marine Engineering (DSME) announced a patent license deal with MAN Diesel & Turbo for DSME high pressure-fueled gas supply (HP-FGS) system. Under this contract, MAN will use DSME HP-FGS system patents and licenses for its LNG propulsion based commercial vessel projects. Following the confidential agreement between two companies, specific license fee and […]

  • 16 September 2014
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured orders for two 84,000-cubic-meter very large gas carriers (VLGCs) from an Asian client.  The price tag of the two vessels, to be built at Okpo yard, stands at a total of USD 160 million. The delivery of the vessels is slated for 2017.  DSME has […]

  • 14 April 2017
    Business & Finance

    South Korea’s National Pension Service (NPS), one of the main debt holders of Daewoo Shipbuilding & Marine Engineering (DSME), has decided to work with the shipbuilder’s creditors in an effort to find common ground, Yonhap News Agency reported. The negotiations come on the back of DSME’s latest debt restructuring plan aimed at saving the country’s financially troubled […]

  • 13 June 2019

    Daewoo Shipbuilding & Marine Engineering (DSME) and DNV GL have signed a framework agreement for cooperation on joint development projects (JDPs) for future technologies in the shipbuilding and offshore plant industries. 

  • 19 December 2016
    Project & Tenders, Vessels

    South Korea’s Daewoo Shipbuilding & Marine Engineering has secured an order to build a floating storage and regasification unit (FSRU) for Maran Gas Maritime, a unit of Greece’s Angelicoussis Shipping Group. Under the deal signed on Friday, DSME is to build a 173,400-cbm FSRU for Maran Gas. The contract includes an option for two additional liquefied natural gas […]

  • 15 October 2013
    Business & Finance

    DSME has been awarded its first Jack-up rig contract after a 30 year hiatus. DSME signed the contract on September 25th with Maersk Drilling, a Denmark based company, for one Jack-up Rig. The value of this contract is approximately 530 million USD. It is scheduled to be delivered in the middle of 2016 and will […]

  • 4 April 2017
    Business & Finance

    South Korea’s financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract to build three very large crude carriers (VLCCs) for the Greek shipping company Maran Tankers, part of the Angelicoussis Shipping Group. The contract for the three 318,000 dwt tankers is valued at USD 250 million, DSME said. The 336-meter vessels will be […]

  • 6 December 2012

    DSME recently acquired the Green Management System (GMS) certificate. On 23 November, DSME’s Chief Production Officer, Mr. Dong Hyuk Park, handed over the GMS certificate from DNV Business Assurance. The main purpose of the GMS is to reward companies for growth and environmental sustainability. The GMS certificate is based on the ISO 14001 and evaluates […]

  • 13 December 2018

    Daewoo Shipbuilding and Marine Engineering faced with another worker protest.

  • 4 July 2018
    Project & Tenders, Vessels

    South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has booked an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU).

  • 1 March 2013

    DSME once again received the AAA rating from the top sustainability management company. The AAA rating is the highest grade awarded in the industry. According to the ‘2012 company sustainability performance report’ published by Eco-frontier, an intangible value assessment company, DSME received the AAA rating. Eco-frontier assessed 459 listed companies in Korea and divided them […]

  • 22 August 2013
    Business & Finance

    DSME received an order for a combat support ship from the Norwegian Defense Logistics Organization. The value of this contract is approximately 230 million USD. The warship is scheduled to be delivered to the Norwegian Navy in September 2016. The recommendation of the U.K. government influenced the Norwegian government and the Defense Logistics Organization to […]

  • 14 August 2014
    Business & Finance

    South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has seen a healthy order intake in the previous month, putting DSME’s 2014 secured orders value at approximately 5.8 billion USD. DSME’s figures back the estimates that South Korean shipbuilding is entering the recovery mode after it lost its top spot to Chinese rivals. USD […]

  • 22 August 2019
    Project & Tenders, Vessels

    Shipbuilding giant DSME has booked a new LNG order from Greek shipping company Maran Gas Maritime.