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THE INVESTOR

Industrials

Samsung Heavy, DSME set to win mega deals

  • PUBLISHED :August 30, 2017 - 11:33
  • UPDATED :August 30, 2017 - 11:33
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[THE INVESTOR] Two South Korean shipbuilders, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, are expected to win a combined US$1.5 billion deal, industry sources said on Aug. 30.

According to industry tracker TradeWinds, the Mediterranean Shipping Co. is working on an order for up to 11 container vessels.

MSC is close to a deal with Samsung Heavy for up to six 22,000-TEU vessels and is expected to turn to DSME for a further five, the report said.

The deals, if clinched, will help local shipyards struggling to win more shipbuilding deals.

Entering this year, local shipyards have bagged more new orders than expected but recently have suffered a setback in securing more contracts.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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