Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Daewoo to build world’s largest floating dock
BackBack

Daewoo to build world’s largest floating dock

Daewoo to build world’s largest floating dock

Premium

AFP

Seoul: South Korea’s Daewoo Shipbuilding and Marine Engineering said on 27 August it plans to build the world’s biggest floating dock to meet growing demand for large container ships.

The world’s third largest shipyard intends by June 2009 to build the new dock which could produce six or seven container vessels per year, said spokesman Yoon Yo-Han.

“A final decision has not been made but we plan to build the world’s largest floating dock due to a surge in orders," he told AFP.

He gave no details but Internet news provider edaily said the dock would measure 438 meters by 84 meters.

Currently the shipyard has three floating docks to build ships on land.

South Korea, home to seven of the world’s top 10 shipyards, has secured record orders last year and this year because of strong demand for crude carriers and offshore exploration equipment amid rising oil prices.

In the first half of this year South Korea’s shipbuilding orders soared 38.2% year-on-year in terms of tonnage to 11.3 million compensated gross tonnes.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 27 Aug 2007, 11:26 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie