Daewoo wins 2 tril. won order for 10 container ships

Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Monday that it has clinched a 2 trillion won ($1.84 billion) deal to build 10 large-scale container ships.

Under the deal with A.P. Moeller-Maersk AS of Denmark, Daewoo Shipbuilding will deliver the 18,000-TEU container vessels by 2015, the company said in a statement. TEU stands for 20-foot equivalent unit.

In February this year, Daewoo Shipbuilding also won a 2 trillion won contract from the Danish shipping and oil group to build 10 container ships.

The shipbuilder also said it has received a 222 billion deal to build two container vessels from Neptune Orient Lines Ltd. of Singapore.

So far this year, Daewoo Shipbuilding has won deals totaling $6.67 billion to build 28 ships, achieving 61 percent of its yearly order target of $11 billion, it said.

Shares of Daewoo Shipbuilding were trading at 43,550 won on the Seoul bourse as of 2:17 p.m., down 2.79 percent. (Yonhap)