Daewoo Shipbuilding and Marine Engineering Company (DSME) Company News

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Petrobras Awards $2.3B FPSO Contract
It will be the eighth FPSO to operate in the Buzios field. PHOTO SOURCE: Andre Ribeiro/Petrobras Agency
8:00 PM EST | June 14, 2021
Valaris Clears Bankruptcy Hurdle
The U.S. Bankruptcy Court for the Southern District of Texas has approved Valaris' Chapter 11 prearranged reorganization plan.
7:00 PM EST | March 03, 2021
Daewoo Wins $748MM FLNG Contract With Novatek
The firm expects to deliver the two vessels by the end of next year.
8:00 PM EST | June 09, 2020
Qatar Petroleum Signs Landmark LNG Deals
Saad Sherida Al-Kaabi, Qatar's minister of state for energy affairs and QP's president and CEO, has signed three LNG ship construction agreements. SOURCE: Qatar Petroleum
8:00 PM EST | June 01, 2020
Eni to Charter New LNG-fueled Tankers
Knutsen NYK Offshore Tankers has won a contract to build two LNG-fueled shuttle tankers for Eni.
7:00 PM EST | February 10, 2020
World's Top Two Shipyards Signal More Orders as Earnings Improve
The world's two biggest shipbuilders reported profit and issued an improved outlook.
8:00 PM EST | April 26, 2017
Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund
Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.
8:00 PM EST | April 16, 2017
After 20,000 Job Cuts, World's Top Shipyards Brace for More
South Korea's shipbuilding industry - home to the world's top three manufacturers - has eliminated more than 20,000 jobs this year.
8:00 PM EST | October 25, 2016
South Korean Yards Restructure, Trim Workforce
While Southeast Asian offshore contractors struggle to cope with the effects of the industry downturn, their more established competitors in South Korea have to embark on more severe measures to stay afloat.
8:00 PM EST | September 07, 2016
DSME Delivers Newbuild Ultra Deepwater Drillship to Transocean
South Korea's Daewoo Shipbuilding & Marine Engineering delivers an ultra deepwater drillship, possibly Deepwater Conqueror, to Transocean.
8:00 PM EST | August 25, 2016
World's Top Three Shipyards Seek To Raise $7.3B In Revamp
The world's three biggest shipyards plan to raise a combined $7.3 billion selling assets and cutting jobs as they seek to pare debt as part of a restructuring following losses last year.
8:00 PM EST | June 07, 2016
PETRONAS' PLNG SATU Heads to Malaysia's Kanowit Gas Field Off Sarawak
PETRONAS' first floating liquefied natural gas facility PLNG SATU heads for Kanowit gas field offshore Sarawak, Malaysia from Daewoo Shipbuilding & Marine Engineering Co.'s Okpo yard in South Korea.
8:00 PM EST | May 17, 2016
DONG Energy Terminates Hejre Project EPC Contract
DONG Energy terminates the EPC contract for the Hejre project with immediate effect, after the company claimed the supplier consortium failed to meet its contractual commitments.
8:00 PM EST | March 28, 2016
Daewoo Shipbuilding Says Worst Is Over, Sees Profit This Quarter
Daewoo Shipbuilding & Marine Engineering Co. says the worst is over for the company and it expects to post an operating profit this quarter after a record loss for 2015.
7:00 PM EST | March 09, 2016
PETRONAS Names PFLNG SATU in Ceremony at DSME's Okpo Yard in South Korea
PETRONAS names its first floating liquefied natural gas facility PFLNG SATU at Daewoo Shipbuilding & Marine Engineering Co.'s yard in South Korea.
7:00 PM EST | March 06, 2016
Clough Bags Hook-up Services Contract for Ichthys FPSO from DSME
Clough bags a hook-up services contract for the Ichthys floating, production, storage and offloading facility from Daewoo Shipbuilding & Marine Engineering Co.
7:00 PM EST | January 27, 2016
South Korea's HHI to Halt Ops at Onsan Shipyard Due to Industry Downturn
South Korea's Hyundai Heavy Industries to halt operations at its Onsan yard amid the downturn in the global oil and gas industry.
7:00 PM EST | January 24, 2016
Blame It on Oil: 2016 Unhappy New Year for Asian Shipyards
With oil prices forecast to fall as low as $15 a barrel and China's growth slowing, orders for offshore projects and new vessels are hard to come by for the world's three biggest shipbuilders.
7:00 PM EST | January 03, 2016
Songa Offshore Dismisses Claims Submitted by DSME for Songa Equinox Semisub
Songa Offshore dismisses claims submitted by Daewoo Shipbuilding & Marine Engineering for the Songa Equinox semisub.
7:00 PM EST | November 17, 2015
Petrofac Celebrates Sail-Away of First Modules to ZADCO's Upper Zakum Field
Petrofac celebrates the successful sail-away of the first two modules for ZADCO's Upper Zakum development offshore Abu Dhabi, United Arab Emirates.
8:00 PM EST | October 26, 2015
HHI, SHI & DSME Working to Standardize Offshore Design
South Korea's Hyundai Heavy Industries together with Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering are working to standardize offshore design to lower cost and ease project delays.
8:00 PM EST | October 13, 2015
DSME Delivers Songa Endurance Semisub
Daewoo Shipbuilding & Marine Engineering delivers Songa Endurance semisub to Songa Offshore, with the newbuild to head for Norway's Troll field soon to commence a contract with Statoil.
8:00 PM EST | August 23, 2015
DSME Terminates Building Contract for Cobalt Explorer Drillship
Daewoo Shipbuilding and Marine Engineering terminates a construction contract for Cobalt Explorer drillship.
8:00 PM EST | August 19, 2015
World's Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures
The world's three biggest shipbuilders posted a combined $4.1B in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.
8:00 PM EST | July 28, 2015
Aker Wins Mariner Hook-Up Engineering Contract
Aker Solutions wins $188 million award from DSME to provide engineering services for the hook-up phase of the North Sea's Mariner oilfield development.
7:00 PM EST | December 14, 2014
KBR-DSME JV Lands Eni's FEED Contract for Mozambique FLNG Facility
The KD consortium lands a front end engineering design contract for a floating LNG facility for the Coral South project offshore Mozambique from Eni.
8:00 PM EST | October 16, 2014
Petronas' FLNG Nears Completion as Topside Lifting Commences at DSME's Yard
Petronas' floating liquefied natural gas facility nears completion with lifting of the first topside module at Daewoo Shipbuilding and Marine Engineering's shipyard in Okpo, South Korea.
8:00 PM EST | September 24, 2014
Rosneft, Partners Plan to Develop Engineering Cluster in Russian Far East
Rosneft gets together with DSME and others to establish an engineering and shipbuilding cluster in the Russian Far East.
7:00 PM EST | November 12, 2013
Aker Wins Mariner Drilling Equipment Contract
Aker Solutions reports a deal with Daewoo Shipbuilding and Marine Engineering to supply drilling equipment to the North Sea's Mariner field.
8:00 PM EST | July 02, 2013
Petrofac Consortium Wins $3.7B Abu Dhabi Deal
Petrofac Emirates and Daewoo win a $3.7-billion contract to supply the Upper Zakum field development in Abu Dhabi.
8:00 PM EST | April 10, 2013
DSME Bags Contract Worth Over $2B for Four Drilling Ships
Daweoo Shipbuilding & Marine Engineering secures an order worth $2.07 billion to build four drilling ships.
8:00 PM EST | October 02, 2012
UPDATE: DSME Bags Oil Platform Contract of over $1.9B
DSME bags a contract worth over $1.9 billion to build five fixed drilling platforms working offshore Africa.
8:00 PM EST | August 22, 2012
Technip Wins Services Contract For Ichthys FPSO
Technip wins a services contract for engineering and procurement assistance for the topsides facilities at the Ichthys FPSO.
8:00 PM EST | June 21, 2012
Daewoo E&C Nabs MOU for $10B PDVSA Project
Daewoo Engineering & Construction signs an initial agreement in a consortium with STX Construction for an estimated $10B construction project with PDVSA.
8:00 PM EST | April 26, 2012
Technip Awarded $117M Wheatstone Gas Platform Contract in Australia
The deal will see Technip produce a detailed design for Chevron's Wheatstone gas-processing platform, which will be located offshore Western Australia.
7:00 PM EST | January 25, 2012
DSME to Construct World's Largest Floating Dock
DSME started construction of the fifth Royal Dock, which will be the biggest floating dock in the world, on November 1.
7:00 PM EST | November 21, 2011
Aker Solutions Scores Drilling Equipment Contract for DSME
Aker Solutions has received a Letter of Award from DSME to supply two drilling equipment packages to the new 'Cat D' drilling rigs the yard is building for the rig operator Songa Offshore.
8:00 PM EST | August 25, 2011
Daewoo to Build Vantage Ultra-Deepwater Drillship
Vantage Drilling Company has entered into an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd ("DSME") to construct an ultra-deepwater drillship further expanding the Company's ultra-deepwater drilling fleet.
8:00 PM EST | May 09, 2011
Vantage Takes Delivery of Platinum Explorer
Vantage Drilling Company has taken delivery of the ultra-deepwater drillship, the Platinum Explorer, from Daewoo Shipbuilding and Marine Engineering Co. Ltd. in South Korea. The vessel has set sail from the shipyard in transit to India to commence a
7:00 PM EST | November 16, 2010