Daewoo Shipbuilding Receives $1.1 Billion Drill Ship, Rig Order

In a statement released today, South Korea's Daewoo Shipbuilding & Marine Engineering Co. says they’ve received a $1.1 billion order for one drill ship and one semi-submersible rig.

The world’s second biggest shipyard also said the rig was ordered by a company in the Americas, but did not specify any further.

The project is expected to be complete and delivered by August 31, 2013.