Daewoo Shipbuilding wins $230m contract from Norwegian Defence Logistics Organization

More good times for South Korean shipyards. Daewoo Shipbuilding & Marine Engineering has picked up a $230m contract from the Norwegian Defence Logistics Organization for a new logistics and support vessel. This comes on the heels of a $565m order from Atwood Oceanics for a new oil exploration vessel and a $1.4bn contract from the Royal Fleet Auxiliary for four new replenishment tankers.

Daewoo Shipbuilding bags US$230 mln deal from Norway

Daewoo Shipbuilding bags US$230 mln deal from Norway

SEOUL, June 30 (Yonhap) — Daewoo Shipbuilding & Marine Engineering Co. of South Korea said Sunday that it has clinched a US$230 million deal from Norway.

Under the deal with the Norwegian Defense Logistics Organization (NDLO), Daewoo Shipbuilding will deliver the logistics and support vessel by September 2016, the company said.

In March this year, Daewoo Shipbuilding also won a 1.6 trillion won ($1.4 billion) contract to build four fleet tankers for Britain’s Royal Navy.

The company has deals valued at $5 billion to build 15 ships so far this year and has raised its order target by 18 percent to $13 billion for 2013.

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