Hyundai Heavy and DSME enter final round for giant Petrobras FPSO contract

Two of South Korea’s largest yards are in the final round competing against each other for the largest FPSO contract in years.

Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) will find out shortly who has won a $4.6bn contract to build two FPSOs for Brazil’s Petrobras.

Hyundai Heavy has teamed with Singapore’s Keppel for its bid while DSME has got Italy’s Saipem onboard.

By the time Petrobras decides on the winner – expected by Q3 – HHI could be close to completing its long drawn out merger with rival DSME.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button