DSME Secures New Order from Singapore

Active: 
yes
Country/Region/International Authority: 
Contract Amount: 
230,000,000 USD
Announcement Date: 
08/16/2010
Termination Date: 
09/30/2012

On August 16th in Seoul, DSME signed a $230 million order to build two container ships for Singapore-based Neptune Orient Lines (NOL). DSME is scheduled to deliver these vessels by the fourth quarter of 2012.

Last month, DSME won a $1.2 trillion order to build ten 8,200 TEU container ships from the same company. DSME expects additional orders from NOL, which plans to reorganize its fleet focused on container ships.