DSME wins $430m contract to build drill ship

Daewoo Shipbuilding Marine & Engineering Co.(DSME), won a 430 milion dollar order to build an offshore drill ship.

The deal from Odfjell Invest Ltd. calls for DSME to deliver the semi-submersible ship by June, 2010, the company said.

DSME said that the deal includes an option to build another drill ship. The company won a total of 4.3 billion dollar worth of orders in 2006 to build offshore facilities such as platforms and rigs.

For the year, DSME expects more than 3 billion dollars in orders to build such facilities.

So far this year, DSME has won 1.65 billion dollar worth of orders to build ships and offshore facilities, about 15 percent of this year's target of 11 billion dollars.