Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering
Type Public
Industry Shipbuilding
Founded 1978
Headquarters Seoul, South Korea
Number of locations Okpo, Houston
Key people Nam Sang Tae,
President, CEO, and Director
Products FPSO, Semi-submersible, Drillship, Passenger, LNG/LPG, VLGC/VLCC, LNG-RV(regasification vessels), offshore structures. etc, and Naval Ships
Revenue US$ 11.4 billion (2010)
Net income US$ 529.3 million (2010)
Employees 25,000
Website www.dsme.co.kr
Daewoo Shipbuilding & Marine Engineering
Hangul 대우조선해양
Hanja 大宇造船海洋
Revised Romanization Dae-u Joseon Haeyang
McCune–Reischauer Taeu Chosŏn Haeyang

Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) (Korean: 대우조선해양) is the second largest shipbuilder[1] in the world and one of the "Big Three" shipbuilders of South Korea.

On 21 February 2011, the A. P. Moller-Maersk Group (Maersk) ordered 10 large container ships from Daewoo, each with a capacity of 18,000 containers, surpassing the current record holder; the Mærsk E-class at 15,200 containers.[2] The first is to be delivered in 2014. There is an option of 20 more.[3][4] The new class is called the Triple E class.

The largest single defense contract

On December 20, 2011 Daewoo Shipbuilding Marine Engineering got the largest single defense contract by a Korean firm with value of $1.07 billion to build 3 Indonesian submarines.[5] It also would mark the first exports of submarines from the country.[6]

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