Daewoo plans world's biggest floating dock

South Korea's Daewoo Shipbuilding and Marine Engineering said it plans to build the world's biggest floating dock to meet growing demand for large container ships.
The world's third largest shipyard intends by June 2009 to build the new dock, which could produce six or seven container vessels per year, said spokesman Yoon Yo-Han.
"We plan to build the world's largest floating dock due to a surge in orders," he told AFP, adding the project is awaiting approval from the company's board.
The dock, which will cost up to 150 billion won (R1.14 billion), is expected to measure 438 metres by 84 metres. Currently the shipyard has three floating docks.
South Korea, home to seven of the world's top 10 shipyards, has secured record orders last year and this year because of strong demand for crude carriers and offshore exploration equipment amid rising oil prices.
In the first half of this year the nation's shipbuilding orders soared 38.2 percent year-on-year in terms of tonnage to 11.3 million compensated gross tons.