April 18, 2005

Daewoo Romanian yard books orders worth $850 million

Daewoo Mangalia Heavy Industries, Romnia, has booked orders worth $850 million from Germany for 10 containerships.

According to JoonAng Daily and other Korean sources, the Black Sea yard is to build four 4,860 TEU containerships for NSB for March 2008 delivery and six 5,200 TEU containerships for Hamburg Sud for March 2009 delivery.

Earlier this year, Daewoo Mangalia president M.K.Lim said the yard would have revenues of $1 billion by 2015

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