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$1.6m contract signed

$1.6m contract signed
Daewoo Shipbuilding & Marine Engineering Co. has won deals to build three vessels valued at a combined $1.6 billion.

Daewoo Shipbuilding & Marine Engineering Co. has won deals to build three vessels valued at a combined $1.6 billion.

Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipbuilder, said Friday that it has won deals to build three vessels valued at a combined $1.6 billion. According to Yonhap News, one of the deals with an American firm calls on Daewoo Shipbuilding to deliver two drill ships by March 2012, the company said in a statement.

Another American company placed an order with Daewoo Shipbuilding to build a semi-submersible ship by the end of 2011, it said.

On Thursday, Daewoo Shipbuilding said it also won a $300 million order from Italy's Messina to build four vessels that can carry containers or vehicles.

www.TurkishMaritime.com.tr

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