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DAEWOO SHIPBUILDING DELIVERS REVAMPED SUBMARINE TO INDONESIA.

AsiaPulse News

| April 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 3 Asia Pulse - Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's No. 2 shipbuilder, said Monday it has delivered a revamped submarine to Indonesia, becoming the nation's first company to conduct an overseas submarine project.

The South Korean shipbuilder, in conjunction with Daewoo International Corp., won an order to upgrade the Indonesian navy's 1,300 ton-level submarine for US$60 million in 2003, the company said.

Daewoo Shipbuilding has improved the overall performance of the ...

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Source: HighBeam Research, DAEWOO SHIPBUILDING DELIVERS REVAMPED SUBMARINE TO INDONESIA.

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