Daewoo Shipbuilding and Marine Engineering Co, the world's second-largest shipbuilder, has secured a combined $740 million order to build a drill ship and a crude oil carrier.
The two vessel orders underlined booming oil exploration around the world, Daewoo said in a statement on Friday, as crude oil futures have set a series of recent records.
The South Korean shipbuilder will deliver the drill ship for 580.9 billion won ($623.8 million) to an unidentified shipping firm from the Oceania Continent, while the crude oil carrier will go to a Europe-based shipper by the end of 2010.
Shares in Daewoo Shipbuilding rose 1.3 per cent to 54,700 won by 0243 GMT, with the broader market up 1.12 per cent.
The two vessel orders underlined booming oil exploration around the world, Daewoo said in a statement on Friday, as crude oil futures have set a series of recent records.
The South Korean shipbuilder will deliver the drill ship for 580.9 billion won ($623.8 million) to an unidentified shipping firm from the Oceania Continent, while the crude oil carrier will go to a Europe-based shipper by the end of 2010.
Shares in Daewoo Shipbuilding rose 1.3 per cent to 54,700 won by 0243 GMT, with the broader market up 1.12 per cent.