Korean Shipbuilders Secure More Orders

13 January 2010 (Last Updated January 13th, 2010 18:30)

Korean shipbuilders have made a positive start to the New Year with a series of new orders, a contrast to the slump in 2009. STX Offshore & Shipbuilding said it has won a $130m deal for four bulk ships from Turkish shipping firm Densa. The shipbuilding firm said the ves

Korean shipbuilders have made a positive start to the New Year with a series of new orders, a contrast to the slump in 2009.

STX Offshore & Shipbuilding said it has won a $130m deal for four bulk ships from Turkish shipping firm Densa.

The shipbuilding firm said the vessels will be constructed in its Jinhae dockyard with delivery scheduled in 2011.

Last week, Daewoo Shipbuilding & Marine Engineering (DSME) said it won deals of $750m to build two oil tankers and two bulk carriers for Angelicoussis Shipping Group.

The shipbuilder will also build a $400m offshore plant in Russia by 2013 for energy giant Exxon Mobil.

The contracts follow DSME securing a KRW750bn contract ($670.5m) last month to build ten oil tankers for Almi Tankers.

Sungdong Shipbuilding & Marine Engineering recently announced it had signed a contract to build a bulk carrier for a Greek shipper and will sign another bulk ship deal with a German firm, with the overall amount reaching over $100m.