Doosan Engine Orders May Double on Ships, Non-Marine Push

Doosan Engine Co., the world’s second-largest maker of ship engines, said orders may more than double this year as shipping lines resume fleet-enlargement plans and the company works to expand its non-marine businesses.

Contracts may climb to 1.8 trillion won ($1.6 billion) from 890 billion won last year, Chief Executive Officer Lee Sung Hee said in a Feb. 24 interview at the engine maker’s headquarters in Changwon, South Korea. The company wants non-marine products, such as generators for power plants, to account for 40 percent of sales in 2020 from about 5 percent now, he said.