Daewoo Shipbuilding & Marine Engineering

SEO:042660 ISIN:KR7042660001

Daewoo Shipbuilding & Marine Engineering (DSME) is a Korea-based contractor that specializes in shipbuilding and engineering. The Company builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines and destroyers. The Company's major products are divided into three categories: commercial ships, such as liquefied natural gas (LNG) carriers, liquefied petroleum gas (LPG) carriers, tankers, container ships and passenger ships; offshore and plant vessels, including fixed platforms for offshore oil and natural gas production, rigs and onshore plants, and naval ships, such as submarines, destroyers, battleships, submarine rescue vessels and other specialty vessels. It also provides power generating equipment and industrial machineries. During the year ended December 31, 2007, the sale of vessels accounted for approximately 71% of the Company's total revenue. On June 5, 2008, the Company established a Omani subsidiary company DSME Oman. 

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🕔12/23/2009 1:30:16 PM 17584

US stocks ended higher overnight on a bigger-than-expected rise in existing home sales for November. The used-home sales jumped 7.4 per cent, having increased more than double the economists' expectations.

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S.Korea Shipbuilder STX (SEO:067250) Expects More Offshore Orders

🕔9/16/2009 4:57:07 PM 15363

STX Offshore & Shipbuilding (SEO:067250), the world's No.4 shipbuilder, is targeting a record US$2 billion in new orders for offshore vessels and plants this year.

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Asian Markets Overview of March 13

🕔3/13/2009 3:00:40 PM 16791

Most Asian markets ended lower Thursday, giving up gains from the previous session. Japan's Nikkei 225 finished down 2.4% as exporters were hit by the stronger yen. Other major indexes including China's Shanghai Composite, Hong Kong's Hang Seng Index and South Korea's Kospi ended with rather small changes as investors were not confident to the economic outlook and waiting for a clear picture.

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Asian Markets Overview of February 13

🕔2/13/2009 3:00:21 PM 19741

Asian markets fell yesterday as investors remained sceptical and worried the deteriorating economy would not receive immediate help from the US stimulus plan. Tokyo stocks dropped 3%, led mostly by banks and exporters, as trading resumed after a holiday. Hong Kong's Hang Seng Index fell 2.3%, while Shanghai Composite lost 0.6%. The major indexes in Asia are likely to remain on a downward trend today.

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Asian Markets Overview of February 3

🕔2/3/2009 3:30:00 PM 14360

Most Asian markets were hammered Monday over the concerns that the global recession is deepening. Hong Kong shares plunged sharply, even as mainland-Chinese shares gained after the Chinese New Year holidays. In Tokyo, some of Japan's biggest industrial companies fell to multiyear lows. China's Shanghai Composite contrasted other major indexes with 1 per cent surge as agricultural sector was strengthened after the Chinese government announced measures to prevent grain production from falling.

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Company Data

    Principal Sector
  • Shipping & Maritime 
  • Principal Industry
  • Transportation 
  • Homepage
  • www.dsme.co.kr