Samsung Heavy wins US$1.3 billion ship order

Samsung Heavy Industries wins a deal valued at 1.35 trillion (US$1.3 billion) to build two drill ships.

The deal with an unidentified American company called on Samsung Heavy to deliver the vessels, used for deep-water oil exploration, by July 2011, the company said. Shipyards in South Korea, the world's largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to China and goods to the rest of the world.

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