$140-Million Contract To Daewoo Shipbuilding

Shipping Corporation of India Ltd. has placed an order with Daewoo Shipbuilding and Heavy Machinery Ltd. Seoul, Korea, for eight bulk carriers with an option for four more, the shipbuilding company president, Hong, In-Kie reported recently.

The U.S. $140-million contract for the 45,000-dwt vessels was signed in Bombay, India.

The vessels are 189 meters in length and have a beam of 30.4 meters, a depth of 16.4 meters, and a draft of 11.3 meters.

The ships will be delivered between November 1985 and the middle of 1986.

"Not including options accompanying the orders, we have received orders for 32 bulk carriers in 1983. The orders are from Malaysia, Norway, Iran, and now, India," said president Hong.

The Daewoo Group company is also filling orders for numerous other customers. Among the existing orders are 12 containerships for U.S. Lines, five chemical tankers for Stolt-Nielsen of Norway, two RO/RO carriers for Benargus A/S and Wilhelmsen Enterprise, both of Norway, a methanol carrier for National Shipping Company of Saudi Arabia, and four supply vessels for Essar Bulk Carriers Ltd. of India.

Daewoo is also building several plants at its Okpo Shipyard as well as two drilling rigs. Of the plants, two gas-compression platforms are under construction—one is for ARAMCO, the other for Kuwait Oil Company. Another plant under construction at Okpo is a linear low-density polyethylene plant for Al-Jubail Petrochemical Company of Saudi Arabia. The construction of this plant has introduced the modular method of construction to Korea.

After having completed four semisubmersible and two jack-up drilling rigs this year, Daewoo is now building two more semisubmersible rigs at Okpo—one for Santa Fe Drilling Company, the other for Korea Drilling Company.

Maritime Reporter Magazine, page 48, Nov 1983

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