[DISCLOSURE]
Daewoo Shipping and Marine Engineering (042660) announced on Sept. 28 that it has signed a 1.21 trillion won (US$1.09 billion) contract to build 7 very large cargo vessels from an Asian shipowner.
This amounts to 10.9 percent of its 2017 revenue and the contract is valid until Aug. 28, 2020.
By Hwang You-mee (
glamazon@heraldcorp.com)