-- FROM THE FULL PICTURE MAGAZINE --
"We work closely with key suppliers like KONGSBERG to create ground-breaking
designs and products." – Mr. Young-Man Lee, Executive Vice President and CTO, DSME.
Daewoo Shipbuilding & Marine Engineering Co shipyard - Photo courtesy DSME.
DSME - Daewoo Shipbuilding & Marine Engineering Co. has grown over the past three decades to become one of the three largest
builders of commercial vessels and offshore structures in South Korea. By 2011,
DSME will have annual turnover in excess of USD 16.7 billion until 2011, if all
goes according to plan.
DSME has grown on its strengths in building complex commercial vessels and large
offshore structures. Stiff competition from the other Korean yards and upstart countries
like China and Vietnam force DSME to develop continuously.
Mr. Young-Man Lee, Executive Vice President and CTO at DSME, explains: "We don't
hesitate to invest in our knowledge capital, both in-house and in our community.
Based upon our core values – trust and passion – we work closely with key suppliers,
like KONGSBERG , and customers to create ground-breaking designs and products."
LNG carrier - Photo courtesy DSME.
In 2006, offshore business became DSME's main business, as it was the only shipbuilder
in the world to win orders worth more than USD 4 billion in offshore platforms.
DSME's next big goal in offshore structures is to win newbuilding contract for
drill ships, something Lee hopes they will achieve next year. Its strategy to winning
new business can best be illustrated by its success with LNG carriers.
DSME spent over five years studying LNG technologies before it started getting
orders. Now, it’s a world leader in this vessel type, with more orders for the new
massive L-LNG carriers than any other Korean yards. DSME has also won a prestigious
contract with BW Gas for two LNG carriers that will feature an innovative dual-fuel
diesel-electric propulsion system.
KONGSBERG supports a number of DSME's LNG carrier newbuildings with their automation
systems. Lee says of KONGSBERG: "In general, we need more and we need it faster.
We are focusing on our good relationships with sub-contractors, focusing on trust
and passion. We appreciate KONGSBERG's decision to invest in its local project delivery
and commissioning team."
A few facts about DSME
- Major products: commercial vessels, offshore plants and specialty vessels.
- Production capacity: 2.5 million CGT, or 50 commercial vessels, 10 speciality vessels and 20 to 30 offshore and onshore plants per year.
- Workforce numbers 25,000, and 2,300 in design and R&D.
- Sales in 2006: USD 5,809 million.
- Order backlog (April 2007): USD 25.9 billion.
About Mr. Young-Man Lee
Executive Vice President, Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Mr. Lee is in charge of DSME's engineering & technology division and also a member
of the board of directors of Daewoo Shipbuilding & Marine Engineering Co. Ltd.