Orders for offshore vessels and platforms are set to make up over half of all new orders at Daewoo Shipbuilding & Marine Engineering (DSME) this year.

Soaring fuel prices are set to push oil majors into increased orders for newbuildings at the South Korean yard, its chief executive contends.



The yard is eyeing new orders totalling $6bn for drillships, semi-submersible units and offshore platforms in 2011, Nam Sang-tae told Bloomberg.



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