Daewoo Shipbuilding & Marine Engineering

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Coordinates: 34°52′29″N 128°42′15″E / 34.874665°N 128.704147°E / 34.874665; 128.704147

Daewoo Shipbuilding & Marine Engineering Co., Ltd
Type Public
Traded as KRX: 042660
Industry Shipbuilding
Defense
Founded 1978
Headquarters Seoul, South Korea
Number of locations Okpo, Houston
Key people Ko Jae Ho,
President, CEO, and Director
Products FPSO, Semi-submersible, Drillship, Passenger, LNG/LPG, VLGC/VLCC, LNG-RV(regasification vessels), offshore structures. etc, and Naval ships
Revenue Increase US$ 14.78 billion (2013)[1]
Operating income Increase US$ 425  million (2013) [1]
Net income Increase US$ 260  million (2013) [1]
Total assets Increase US$ 17.8 billion (2013) [1]
Total equity Increase US$ 4.6 billion (2013) [1]
Employees 13,458 (March 31, 2014)
Website www.dsme.co.kr

Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) (Korean: 대우조선해양) is the second largest shipbuilder[2] in the world and one of the "Big Three" shipbuilders of South Korea.

On 21 February 2011, the A. P. Moller-Maersk Group (Maersk) ordered 10 large container ships from DSME, each with a capacity of 18,000 containers, surpassing the current record holder; the Mærsk E-class at 15,200 containers.[3] The first is to be delivered in 2014. There is an option of 20 more.[4][5] The new class is called the Triple E class.

On 22 February 2012, a £452 million order was placed with DSME for four 37,000 tonne double hulled 'MARS' fast fleet tankers by Britain's Ministry of Defence for the Royal Fleet Auxiliary. The ships will enter service in 2016.[6]

The largest single defense contract[edit]

On December 20, 2011 Daewoo Shipbuilding Marine Engineering got the largest single defense contract by a Korean firm with value of $1.07 billion to build 3 Indonesian submarines.[7] It also would mark the first exports of submarines from the country.[8]

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