South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a $560-million deal to build a part of an offshore oil platform for a Danish firm.
Under the contract with Dong E&P A/S of Denmark, DSME will deliver the topside of the platform by April 2014, the company said in a statement in Seoul on Tuesday.
Meanwhile, the company has decided to promote senior Executive Vice-President Ko Jae-ho as its Chief Executive, the Korea Herald reported.
Picked up from five candidates. Ko's nomination will be finalized at the shareholders meeting slated for next month after a meeting of the Board Directors. He succeeds Nam Sang-tae who served two consecutive terms.
A graduate of the Korea University, Ko joined DSME in 1980 and served as executive of ship sales, human resources and head of the ship business division.
by RTT Staff Writer
For comments and feedback: email@example.com