Dec 8, 2010

DSME about to win a drill ship order



Daewoo Shipbuilding & Marine Engineering Co. (042660 KS), a South Korean shipbuilder, share price jumped 3.8 percent to 29,950 won, the most since Nov. 19, on speculation the company may win a drillship order, according to Sung Ki Jong, an analyst at Daewoo Securities Co.
“There are market rumors that the company will make an announcement soon on the order,” Sung said. Ahn Wook Hyeon, a spokesman at Daewoo Shipbuilding, declined to comment.
Source: Bloomberg

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