Daewoo sees rising orders

Daewoo Shipbuilding and Marine Engineering in South Korea is aiming to win $10 billion worth of orders in 2006, up 47 % from $6.8 billion in 2005.

It also expects to win a combined $1.8 billion worth of shipbuilding orders between January and February for an unspecified number of liquefied natural gas carriers and other ships. A spokesman for DSME did not provide more details, including the number of ships or contract partners. He added that the company will complete 43 ships this year.