Daewoo wins orders from Norway and Greece

Daewoo Shipbuilding & Marine Engineering has won orders from Norway and Greece worth $530 million. The shipbuilder secured an order from Norway’s Odfjell Invest I Ltd to build a semi-submersible drilling rig and a deal from Kristen Navigation of Greece to build a 320,000 DWT VLCC, taking its order book to $2.29 billion so far this year. The order from Odfjell includes an option for two more rigs.

Both these newbuildings will be delivered in October 2008.

Daewoo has set a full-year target of $10 billion for overseas orders.