Angelicoussis Group Returns to DSME for Three VLCCs

South Korea’s financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract to build three very large crude carriers (VLCCs) for the Greek shipping company Maran Tankers, part of the Angelicoussis Shipping Group.

Creditors Unveil USD 2.6 Bn of Fresh Funds for DSME

The creditors of financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have unveiled a new restructuring plan for the company, which includes KRW 2.9 trillion (USD 2.6 billion) of fresh funds.

Report: Prosecutors Question DSME’s CEO over Accounting Fraud

The head of the financially-troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) was interrogated by prosecutors on January 17, 2017, due to allegations that the firm altered accounts and figures to hide its losses, local medi

DSME Narrows Loss as Union Jeopardises Financial Boost

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has managed to narrow its net loss in the third quarter ended September 30 to KRW 238.1 billion (USD 203.9 million) compared to a net loss of KRW 1.14 trillion (USD 976.6 million) se

DSME Hires GTT to Equip Two LNG Carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered the NO96 cryogenic membrane containment systems for two new liquefied natural gas (LNG) carriers from French marine engineering company GTT.

Auditors Reveal USD 1.28 Bn Accounting Fraud at DSME

An accounting probe launched into the financials of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) has found an accounting fraud in the amount of some KRW 1.5 trillion (USD 1.28 billion), The Korea Herald reported.

DSME Workers Vote for Walkout

The unionized workers at the financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) are planning to launch a strike as the majority of the workers voted in favor of a walkout.