Daewoo Shipbuilding wins 640.8 bln won order for 4 container carriers

▲ This file photo, provided by Daewoo Shipbuilding & Marine Engineering Co. on May 22, 2020, shows a 24,000-TEU container carrier built by the shipbuilder. TEU stands for twenty-foot equivalent units, a measurement of cargo capacity. (PHOTO NOT FOR SALE) (Yonhap)

Daewoo Shipbuilding-container carrier order

Daewoo Shipbuilding wins 640.8 bln won order for 4 container carriers

By Nam Kwang-sik

SEOUL, Oct. 15 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday that it has signed a 640.8 billion won (US$542 million) deal to build four container carriers.

Under the deal with a European country, DSME will deliver the vessels by November 2024, it said in a regulatory filing.

In the first nine months, DSME posted $8.04 billion in new orders, surpassing its annual order target of $7.7 billion won.

It is the first time for the company to achieve its annual order target since 2014, when the company won new orders worth $14.9 billion, DSME said.

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