South Korean Daewoo Shipbuilding Set to Win $1.6bn Deal
South Korean Daewoo Shipbuilding Set to Win $1.6bn Deal
Seoul - QNA
Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, said Thursday that it has signed a letter of intent with a U.S. firm to build up to seven floating storage and regasification units (FSRUs), South Korean Yonhap news agency reported.
Under the deal with Excelerate Energy, Daewoo Shipbuilding will receive an order to build one FSRU for the U.S. energy firm in the second quarter of the year. The LOI (LOI) also gives Excelerate an option to place more orders depending on market conditions.
Daewoo Shipbuilding expects the deal to be officially finalized in April, it added.
Daewoo Shipbuilding did not reveal the terms of the contract, but industry sources said the deal may fetch up to US$1.6 billion.
The deal would mark this year's first mega deal for Daewoo Shipbuilding, which has been dealing with a sharp fall in new orders amid squeezed cash flows.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:23 2018 Paper industry around famous Chinese lake to be shut down by 2019
- Monday ,12 November GMT 16:51 2018 Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMAS
- Friday ,09 November GMT 08:11 2018 Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'
- Thursday ,08 November GMT 14:00 2018 Namibian enterprise endeavours to seize opportunities at China import expo
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 19:31 2017 Saturday ,11 February
Earthquake Hits Taiwan
GMT 18:20 2017 Monday ,18 December
Once taboo, China listens to US contingencies on N.Korea
GMT 20:13 2017 Wednesday ,22 February
UN does not expect breakthrough at Syria talks
GMT 13:14 2017 Sunday ,24 September
Arab catwalk influence grows despite
GMT 10:41 2017 Tuesday ,11 April
Age no object as Haas downs Opelka at Houston ATP tournament
GMT 07:00 2017 Monday ,18 September
Qatari sheikh urges ruling family meeting
GMT 08:37 2017 Monday ,23 October
Sabrine happy for participating in documentary
GMT 10:22 2016 Wednesday ,23 March
cartoon thirteen
GMT 18:00 2016 Monday ,22 February
European Department for Security and Information wrote Syrian Minister of Justice
GMT 14:48 2018 Tuesday ,02 October
Qureshi stresses rebuilding Pak-US ties
GMT 13:27 2018 Tuesday ,18 September
The Beauty Beat: 4 hair care products on our wishlist
GMT 05:18 2016 Wednesday ,09 November
Azhar Imam receives French Senate president
GMT 16:57 2018 Wednesday ,03 January
Cabinet briefed on global condemnation of Houthi attempts to target Riyadh
GMT 16:12 2017 Wednesday ,01 March
Germans Top Foreign Tourists Who Visited Agadir in 2016
GMT 10:34 2017 Saturday ,08 April
Harry Styles channels glam rock in post-1D debut
GMT 10:57 2016 Tuesday ,10 May
Ahmed bin Saeed opens World Travel Catering and Onboard Services Expo Middle East
GMT 20:19 2017 Monday ,03 July
US drones in Somalia target major
GMT 07:38 2017 Tuesday ,12 December
Sisi,Putin witness inking deal to build Dabaa nuclear plant
GMT 09:14 2017 Sunday ,10 December
Dustin Hoffman accused of sexual harassment again
GMT 12:14 2017 Tuesday ,05 December
Bahrain's top Shiite cleric hospitalised
GMT 15:22 2014 Monday ,13 January
UN seeks $6.5bn to tackle Syrian humanitarian crisis
GMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathon
GMT 09:49 2018 Monday ,03 December
NASA spacecraft to land on asteroid after over two-year journey
GMT 03:14 2016 Tuesday ,10 May
Duterte wins Philippine presidential electionGMT 10:46 2012 Friday ,09 November
Pakistani girl, 9, awarded as \'compensation\' in disputeGMT 10:16 2012 Thursday ,13 September
Google puts Pirate Bay on blacklist
GMT 13:04 2018 Tuesday ,11 September
Bradley wins as Rose becomes golf's new world no 1
GMT 08:09 2013 Monday ,16 December
Irish actor Peter O\'Toole dies aged 81
GMT 14:00 2016 Wednesday ,02 March
Suarez sale gives Liverpool £60m profit
GMT 19:28 2017 Friday ,07 April
Tunisian President Meets HE the Prime Minister
GMT 06:31 2017 Wednesday ,08 March
Actress Heba Magdy happy for “One Day”
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor