Dae Sun Shipbuilding & Engineering

Dae Sun receives US$32 million in new capital to secure boxship orderbook

South Korean shipbuilder Dae Sun Shipbuilding & Engineering has received a capital injection of over US$32 million from its new owner Dongil Steel and a new investor, BNK Financial Group, to ensure that it can complete its massive container ship orderbook.

Dae Sun emerged from debt restructuring after a majority stake was acquired by Dongil Steel in December 2020 and there were concerns that its weak financial structure would affect its orderbook, although the Export-Import Bank of Korea, the...

https://container-news.com/dae-sun-receives-us32-million-in-new-capital-to-secure-boxship-orderbook/

SITC orders up to ten feeder ships at Dae Sun

SITC Container Lines’ ship-owning affiliate SITC Shipowning has commissioned up to ten 1,023TEU feeder ships from South Korean shipyard Dae Sun Shipbuilding & Engineering.

Its holding group, SITC International, said in a Hong Kong Stock Exchange filing on 27 May that the order comprises eight firm vessels that are slated for delivery within 2023. SITC Shipowning has options for two more ships; these must be exercised by 18 June.

Each newbuilding is priced at US$19.2 million, translating into a...

https://container-news.com/sitc-orders-up-to-ten-feeder-ships-at-dae-sun/

Dongjin takes delivery of fourth newbuilding

South Korean feeder operator Dongjin Shipping has upgraded its South Korea-Japan service with a 1,000TEU newbuilding that it just bought from Dae Sun Shipbuilding & Engineering.

On 28 September 2020, the scrubber-fitted ship, which was ordered from Dae Sun in July 2019, was christened Dongjin Continental in a ceremony at the Busan shipyard.

This is only the fourth newbuilding commissioned by Dongjin since the company was established in 1984, as it tends to acquire second-hand vessels.

Dongjin...

https://container-news.com/dongjin-takes-delivery-of-fourth-newbuilding/

Namsung orders 1,000TEU ships at Dae Sun

Namsung Shipping has ordered a pair of modern and efficient 1,000TEU container ships as the South Korean feeder operator continues to renew its fleet.

The company announced on 8 July 2020 that it signed a newbuilding contract with compatriot Dae Sun Shipbuilding & Engineering, a month after taking delivery of two similar vessels from the same shipbuilder.

The contract was signed by Namsung’s chairman Kim Young-chi, CEO Kim Yong-gyu, as well as Kwon Oh-kyu, president of the company’s in-house ship...

https://container-news.com/namsung-orders-1000teu-ships-at-dae-sun/

South Korea’s first state-subsidised containerships launched

Namsung Shipping has launched the first container ships that were built with subsidies from the South Korean government.

The 1,000TEU pair were christened Star Frontier and Star Explorer in a ceremony at Dae Sun Shipbuilding & Engineering’s shipyard on 3 June 2020. The latter vessel will be deployed to Namsung’s Busan-Incheon-Hai Phong and semi-linked Incheon-Hai Phong services, which the company runs jointly with Heung-A Line and Korea Marine Transport Company. Plans for the other ship have not...

https://container-news.com/south-koreas-first-state-subsidised-containerships-launched/