South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of four containerships.
The contract is worth KRW 486.3 billion ($441 million). DSME has set the target for this year of $7.7 billion, Yonhap reports.
The order was placed by an unnamed European owner, DSME said in a regulatory filing.
The ships are scheduled for delivery by September 2023.
The order is being reported on the back of another major deal in the sector in which DSME secured a $ 1 billion order for 6 LNG-powered 23,500+ TEU ultra large boxships.
Separately, Korea Shipbuilding & Offshore Engineering (KSOE) has extended the deadline for the acquisition of shares in compatriot DSME amid regulatory delays.
The mega-merger deadline has been extended from September 2020 to June 2021 after KSOE signed a contract amendment with DSME on January 22, 2021.
The proposed tie-up will see HHI take over Geoje-based DSME from Korean state lender KDB, the majority shareholder owning a 55.7 percent stake in the company.