SEOUL, Nov. 15 (Yonhap) --The head of Daewoo Shipbuilding Marine & Engineering Co. on Thursday heightened the prospect that the world's second-largest shipbuilder by orders could work out differences with Angolan state oil company Sonangol over a delay in the delivery of two drill ships.
"Talks have been under way and there is a good prospect," CEO Jung Sung-leep said in a news conference in central Seoul.
Still, he did not give any further details, citing a confidentiality agreement with Sonangol.
Daewoo Shipbuilding has said it could receive about 1 trillion won (US$885.4 million) in payment from the Angolan oil firm for the delivery of the two ships.
The delivery had been originally scheduled for June and July in 2016 but was delayed due to Sonangol's financial status.
LG's home appliance biz in full swing amid mobile slump
With signature economic policies lagging expectations, Moon sets sights on investment
(News Focus) Money-losing e-commerce operators face critical test in S. Korea
3D Factory dreams of oasis in virtual reality
With Asiana Airlines on selling block, funding remains key to success