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DSME to achieve $5bn offshore contracts in H1

Wednesday, 08 February 2012 | 13:28
Daewoo Shipbuilding & Marine Engineering (DSME) is projected to win $5bn worth of new orders for offshore production facilities in the first half of this year, analysts noted.
DSME would contract two to three units of offshore production facilities amounting to $4-5bn in the first half, according to Jun Jae-chun, analyst at Daishin Securities.
Lee Sang-hwa, analyst at Hyundai Securities, said: “DSME would likely achieve its 2012 target of $11bn with its global competitiveness in offshore sector.”
DSME recently announced poor fourth quarter results as its net profit plunged 61.6% to KRW66.3bn ($59.1m).
Source: Seatarde-Asia
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