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[THE INVESTOR] Daewoo Shipbuilding & Marine Engineering has sealed a 340 billion-won (US$304 million) deal to build a frigate for the South Korean Navy, the company reported on Oct. 11.
Under the deal, the major South Korean shipbuilder will deliver the 2,800-ton frigate by the end of 2020, the company said.
The ship, 122 meters long and 14 meters wide, has a maximum speed of 30 knots, according to the shipyard.
DSME has a record of building a total of 17 submarines, and 44 combat ships and frigates.
With the latest deal, it has won deals valued at $1.3 billion to build 11 ships so far this year.
(theinvestor@heraldcorp.com)
Under the deal, the major South Korean shipbuilder will deliver the 2,800-ton frigate by the end of 2020, the company said.
The ship, 122 meters long and 14 meters wide, has a maximum speed of 30 knots, according to the shipyard.
DSME has a record of building a total of 17 submarines, and 44 combat ships and frigates.
With the latest deal, it has won deals valued at $1.3 billion to build 11 ships so far this year.
(theinvestor@heraldcorp.com)
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