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Daewoo Shipbuilding wins 340 bln-won frigate order

All News 13:53 October 11, 2016

SEOUL, Oct. 11 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has bagged a 340 billion-won (US$304 million) deal to build a frigate for the South Korean Navy.

Under the deal, the major South Korean shipbuilder will deliver the 2,800-ton frigate by the end of 2020, the company said.

The ship, 122 meters long and 14 meters wide, has a maximum speed of 30 knots, according to the shipyard.

Daewoo Shipbuilding has a record of building a total of 17 submarines, and 44 combat ships and frigates.

With the latest deal, Daewoo Shipbuilding has won deals valued at $1.3 billion to build 11 ships so far this year.


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