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 […]

  • 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 […]

  • 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 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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. […]

  • 22 August 2019
    Project & Tenders, Vessels

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

  • 4 May 2012
    Business & Finance

    On 26th April, Daewoo Shipbuilding Marine & Engineering and Total held a Safety Stand-Up Meeting to commemorate World Safety Day (28th of April) at the Pre-erection area in front of the CLOV FPSO. A number of people who work on the CLOV FPSO including Mr. Patrick Vallot, FPSO manager of Total, Mrs. Genevieve Mouillerat, project […]

  • 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. 

  • 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 […]

  • 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 […]

  • 14 August 2014

    South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) won two large orders in July and its secured orders value for 2014 is about 5.8 billion USD. On July 8th, DSME inked new orders for nine Arc 7 icebreaking LNG carriers. DSME received six LNG carrier orders from Teekay & CLNG, a joint venture between Canada’s Teekay and […]

  • 15 May 2012
    Business & Finance

    On 12th May, the Crown Prince and Princess of Denmark visited DSME’s Okpo shipyard to attend the steel cutting ceremony for Hull No. 4250. Hull No. 4250 will be the world’s biggest 18, 270 TEU containership and was ordered last year by Denmark based A.P. Moller- Maersk. Mr. Jaeho Ko, the President & CEO of […]

  • 17 January 2013

    DSME exceeded their annual sales goal by 30% by winning orders for a fixed platform and two 3,000 ton class submarines. DSME received an order on December 20th 2012 from Statoil, a multinational energy company, to build a fixed platform and this contract also included the option for an additional platform. It will be installed […]

  • 3 February 2014

    Nine vessels built by Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) were selected as the best ships of 2013. The world’s biggest magazines exclusively dedicated to shipbuilding and shipping, the UK magazines ‘Naval Architect’ and ‘Fairplay Solution’, selected the best vessels annually. As a result of this year’s achievement, DSME now has more than […]