Daehan wins European order

Daehan Shipbuilding Co, a South Korean shipbuilder, has won a $590 million order to build eight ships for a European company. Daehan, which is building a shipyard in the south-western part of the Korean peninsula and another in Indonesia, will build eight 175,000 DWT Capesize bulk carriers. Although the shipbuilder said the orders were from a north European company, it did not disclose the name. The vessels, Daehan?s first order, will be delivered starting from the second quarter 2008.