Maritime

L-3 Communications (NYSE: LLL) announced today that its MPRI division has been awarded a $58 million firm-fixed-price task order with the government of Equatorial Guinea to establish a Maritime Security Enhancement Program (MSEP). This task order is the first part of a multi-year contract, with a potential value of approximately $250 million. The MSEP is designed to provide nationwide coastal surveillance coverage for the Republic of Equatorial Guinea.

South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a $75 million deal to overhaul and upgrade the second of two Cakra Type 209/1300-class diesel-electric submarines operated by the Indonesian Navy.

A company official told Jane's on 27 April that work on KRI Nanggala is scheduled to commence by the middle of this year and be complete by July 2011.

DSME signed a $300 million contract with KOTC (Kuwait Oil Tanker Company) to build two Aframax size petroleum product tankers. The company is scheduled to deliver the vessels by the first half of 2012.

Daewoo Shipbuilding & Marine Engineering (DSME) has won an order worth almost $1bn for ten containership newbuildings.

The South Korean yard has remained tight-lipped, however, on the identity of the owner behind the mommoth order for 8,400-TEU vessels.

A well-placed shipbroking source has, however, told TradeWinds that the $975m order is from Singapore's Neptune Orient Lines (NOL).

There are understood to be no optional contracts with the order. Delivery is set to be split between 2012 and 2013.

South Korea’s Daewoo Shipbuilding & Marine Engineering announced today that on October 20th they signed a newbuilding contract with the  state-owned Sovcomflot to build a total of 12 Aframax crude/product carriers (including vessels to be built in Russia and optional units) worth around $800m.

The contract was jointly awarded to DSME’s Russian joint venture Zvezda-DSME and the 120,000-dwt tankers are scheduled to be delivered by 2014