South Korean Daewoo Shipbuilding Set to Win $1.6bn Deal
South Korean Daewoo Shipbuilding Set to Win $1.6bn Deal
Seoul - QNA
Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, said Thursday that it has signed a letter of intent with a U.S. firm to build up to seven floating storage and regasification units (FSRUs), South Korean Yonhap news agency reported.
Under the deal with Excelerate Energy, Daewoo Shipbuilding will receive an order to build one FSRU for the U.S. energy firm in the second quarter of the year. The LOI (LOI) also gives Excelerate an option to place more orders depending on market conditions.
Daewoo Shipbuilding expects the deal to be officially finalized in April, it added.
Daewoo Shipbuilding did not reveal the terms of the contract, but industry sources said the deal may fetch up to US$1.6 billion.
The deal would mark this year's first mega deal for Daewoo Shipbuilding, which has been dealing with a sharp fall in new orders amid squeezed cash flows.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 11:22 2017 Saturday ,11 March
Slower market leads to cheaper building costs in Dubai, but World Cup pushes up Doha prices
GMT 10:57 2017 Monday ,13 February
Mathura violence: Dubai-based brother seeks justice for slain Indian officer
GMT 06:32 2017 Monday ,13 March
Reveals secret of presenting "Armouti" film
GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWA
GMT 10:26 2018 Thursday ,25 October
Julen Lopetegui's job on the line as Real Madrid face Barcelona in ClasicoGMT 10:06 2012 Friday ,27 April
Ali El Deek: I reject Asala’s attack on Assad
GMT 01:07 2017 Saturday ,28 January
ADNOC signs agreement for 5.86m barrels strategic crude oil reserve
GMT 09:22 2017 Sunday ,28 May
British Airways cancels all flights from Heathrow, Gatwick airports after IT outage
GMT 09:30 2015 Saturday ,05 December
Want climate action? Give us cash, India tells rich nations
GMT 23:17 2017 Wednesday ,19 July
Justice minister vows no pause in prosecution reform
GMT 21:35 2014 Sunday ,06 July
UAE's Jebel Ali voted best seaport in Middle East
GMT 17:59 2017 Wednesday ,15 November
CCI meeting starts
GMT 03:42 2017 Wednesday ,19 July
Gunmen kill 4 police in southwest Pakistan
GMT 13:53 2017 Sunday ,28 May
Amr Saad finishes filming his scenes in “Security Situation”
GMT 08:40 2017 Thursday ,20 April
Corruption row threatens Brazil's economic reforms
GMT 21:18 2017 Wednesday ,08 March
Nasr probes with WB, IFC 2017 doing business report
GMT 05:59 2017 Wednesday ,05 April
Car sales in US plummet again
GMT 03:18 2017 Thursday ,31 August
January21st-February19th
GMT 14:16 2017 Thursday ,23 March
ACCL to bring animated classics to life
GMT 10:41 2017 Tuesday ,09 May
Russia’s Lavrov to visit Washington with Syria in sightGMT 12:46 2012 Wednesday ,19 December
Youssef death rumours refuted
GMT 02:58 2017 Wednesday ,22 February
Putin refuses to expel US diplomats, looks to Trump
GMT 13:23 2017 Wednesday ,18 October
Weinstein scandal signals end for 'dinosaur' men
GMT 17:39 2017 Thursday ,14 September
Abuse victim accuses ex-England football manager of cover-up
GMT 06:08 2017 Saturday ,07 January
BlackBerry unveils secure embedded software platform
GMT 11:11 2017 Tuesday ,28 November
Uhuru Kenyatta sworn in for second term as Kenyan president
GMT 07:52 2018 Tuesday ,11 December
Future Brazil gov to 'dissociate' itself from UN migration compact
GMT 22:52 2015 Monday ,12 January
Kuwaiti novelist on IPAF longlist for 2015 Arab Booker
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor