DSME fails to meet its order target for 2020

South Korean shipbuilder DSME shot somewhat below its order target for last year, according to a presentation. However, the yard saw increased newbuild activity in the fourth quarter.

Photo: Christian Charisius/Reuters/Ritzau Scanpix

Major South Korean yard Daewoo Shipbuilding & Marine Engineering failed to meets its target for new orders last year.

A presentation on the yard's website informs that DSME in 2020 bagged orders totaling USD 5.42 billion. This corresponds to 75.2 percent of the yard's order target for the year, which was USD 7.21 billion.

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