Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, won an order to build the world's most expensive oil tankers, ships three times the size of the Statue of Liberty for US$139 million each.
Booming: Daewoo's profitability will improve after winning the vessels at record prices. The ships were part of US$1.6b in orders it announced
The 300,000-ton vessels will be 333 metres long and able to carry 2 million barrels of oil, enough energy for South Korea's 48 million people for a day, Seoul-based Daewoo Shipbuilding said in a statement yesterday.
Global demand for energy, including oil, will increase by about 60 per cent by 2030, Exxon Mobil Corp, the world's biggest oil company, said on its website. AP Moeller-Maersk, the world's largest shipping line, is among companies paying record prices for ships to move goods as global trade expands.
'Daewoo Shipbuilding's profitability will improve further after winning vessels at record prices,' the shipyard said in the statement.
The tankers will be delivered by April 2011 to a company in Liberia, Daewoo Shipbuilding said, without naming the buyer. The ships were part of US$1.6 billion in orders the company announced.
The 300,000-ton vessels will be 333 metres long and able to carry 2 million barrels of oil, enough energy for South Korea's 48m people for a day.
Other contracts were for three 180,000-ton bulk carriers for a shipowner in Greece, eight container vessels for a shipping line in Europe and two vessels that can each carry 6,000 cars for Liberty Maritime Corp of the US, Daewoo Shipbuilding said.
Shares of Daewoo Shipbuilding gained as much as 2.7 per cent to 39,700 won before closing at 39,100 won, up 1.16 per cent in Seoul yesterday. The stock has risen 34 per cent this year, compared with a 10 per cent climb in South Korea's Kospi index.
Booming: Daewoo's profitability will improve after winning the vessels at record prices. The ships were part of US$1.6b in orders it announced
The 300,000-ton vessels will be 333 metres long and able to carry 2 million barrels of oil, enough energy for South Korea's 48 million people for a day, Seoul-based Daewoo Shipbuilding said in a statement yesterday.
Global demand for energy, including oil, will increase by about 60 per cent by 2030, Exxon Mobil Corp, the world's biggest oil company, said on its website. AP Moeller-Maersk, the world's largest shipping line, is among companies paying record prices for ships to move goods as global trade expands.
'Daewoo Shipbuilding's profitability will improve further after winning vessels at record prices,' the shipyard said in the statement.
The tankers will be delivered by April 2011 to a company in Liberia, Daewoo Shipbuilding said, without naming the buyer. The ships were part of US$1.6 billion in orders the company announced.
The 300,000-ton vessels will be 333 metres long and able to carry 2 million barrels of oil, enough energy for South Korea's 48m people for a day.
Other contracts were for three 180,000-ton bulk carriers for a shipowner in Greece, eight container vessels for a shipping line in Europe and two vessels that can each carry 6,000 cars for Liberty Maritime Corp of the US, Daewoo Shipbuilding said.
Shares of Daewoo Shipbuilding gained as much as 2.7 per cent to 39,700 won before closing at 39,100 won, up 1.16 per cent in Seoul yesterday. The stock has risen 34 per cent this year, compared with a 10 per cent climb in South Korea's Kospi index.
