Sungdong Shipbuilding & Marine Engineering has upped its annual order target as it enters the high-value offshore facility market this year.
The South Korean shipbuilder of middle standing has inked new orders for 33 ships and offshore facilities worth $2.2bn so far this year, including large and midsize containerships, kamsarmax bulkers, shuttle tankers and a floating storage and offloading unit.
Especially, the yard won its 'first' orders for 8,800-teu boxships, shuttle tankers and FSO which were booked at larger yards in the past.
Sungdong had aimed at $3.53bn orders for 2011 early this year but as it speeds up high-value ship orders, it adjusted the target to $5bn, which is same as STX Offshore & Shipbuilding's target for 2011.