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Daewoo Shipbuilding Wins 730m Orders from Belgium, Greece

Maritime Activity Reports, Inc.

May 12, 2006

According to sources, Daewoo Shipbuilding & Marine Engineering Co said it has won 730m in orders from firms in Belgium and Greece. The shipbuilder said it has secured an order from Exmar Marine NV of Belgium for two LNG regasification vessels and a contract from Gulf Marine Management SA of Greece to build two very large gas carriers. It did not disclose details of each contract. The deals take its order book to 5.22 bln usd or 25 ships, including nine liquefied natural gas (LNG) carriers.

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