{"id":65095,"date":"2017-03-16T03:36:46","date_gmt":"2017-03-16T03:36:46","guid":{"rendered":"https:\/\/splash247.com\/?p=65095"},"modified":"2017-03-16T08:06:43","modified_gmt":"2017-03-16T08:06:43","slug":"struggling-dsme-close-securing-triple-angelicoussis-vlcc-order","status":"publish","type":"post","link":"https:\/\/splash247.com\/struggling-dsme-close-securing-triple-angelicoussis-vlcc-order\/","title":{"rendered":"Struggling DSME close to securing triple Angelicoussis VLCC order"},"content":{"rendered":"<p>Daewoo Shipbuilding &amp; Marine Engineering\u2019s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to head back to South Korea with a contract from the Angelicoussis Group for three new VLCCs. The Greek owner is thought to be paying $80m per ship.<\/p>\n<p>Despite the fillip, Jung will return home to find his yard the centre of huge financial conjecture with the government likely to have to pump in another KRW3trn ($2.6bn) in to the struggling company as part of a debt workout program. Seoul has already poured $3.6bn into the yard, which was hit by a big accounting scandal as well as a dropoff in new orders sparking a significant restructuring. DSME registered a net loss of $2.3bn last year, its fourth straight year of losses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daewoo Shipbuilding &amp; Marine Engineering\u2019s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to head back to South Korea with a contract from the Angelicoussis Group for three new VLCCs. The Greek owner is thought to be paying $80m per ship. Despite the fillip, Jung will return home to &hellip;<\/p>\n","protected":false},"author":3,"featured_media":31232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,70,63,58],"tags":[119,216],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Struggling DSME close to securing triple Angelicoussis VLCC order - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/struggling-dsme-close-securing-triple-angelicoussis-vlcc-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Struggling DSME close to securing triple Angelicoussis VLCC order - Splash247\" \/>\n<meta property=\"og:description\" content=\"Daewoo Shipbuilding &amp; Marine Engineering\u2019s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to head back to South Korea with a contract from the Angelicoussis Group for three new VLCCs. 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