Daewoo Shipbuilding Gains on $1 Billion Warships Order
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Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, rose to the highest in more than two years in Seoul trading after announcing it received an order worth $1 billion.
The South Korean yard received an order to build five warships for a Southeast Asian country, it said today in a statement, without naming the buyer.