Mayor Byeon Gwang-yong Congratulates Daewoo Shipbuilding on Winning Marine Equipment Order Worth 1 Trillion Won

Gyeongnam Geoje Mayor Byeon Gwang-yong congratulated Daewoo Shipbuilding on securing a 1 trillion won order for marine equipment through SNS. [Image source=Geoje City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Byeon Gwang-yong, mayor of Geoje City, Gyeongnam, sent a congratulatory message to Daewoo Shipbuilding & Marine Engineering (DSME) for achieving a major marine equipment order worth 1 trillion won for the first time in seven years.

Mayor Byeon posted a congratulatory video on his SNS immediately after receiving the good news on the 14th.

Recently, DSME, together with the Italian engineering company Saipem, secured an order for a Floating Production Storage and Offloading (FPSO) facility from Petrobras, Brazil's largest energy company.

The contract is worth approximately 2.6 trillion won, of which DSME's portion is about 1.0948 trillion won.

DSME previously secured a semi-submersible oil production facility hull worth about 200 billion won in 2019, and this is the first multi-trillion won large-scale project since the approximately 3 trillion won oil production facility order in 2014, seven years ago.

Mayor Byeon congratulated, saying, "I am pleased to share the joyful news that our DSME has secured a large-scale marine plant order for the first time in seven years," adding, "This is a large-scale amount exceeding 1 trillion won."

He continued, "The orders for this year from Samsung Heavy Industries and DSME are also showing favorable results, exceeding more than half of their targets," and encouraged, "I sincerely appreciate the hard work of all executives and workers."

Finally, he conveyed a message of encouragement to the citizens, saying, "With the boom in the shipbuilding industry, Geoje City will move forward step by step with greater hope and greater fulfillment."

This content was produced with the assistance of AI translation services.