Daewoo to build world's largest floating dock
The world's third largest shipyard intends to build the new dock by June 2009. Currently the shipyard has three floating docks to build ships on land.business Updated: Aug 27, 2007 11:15 IST
South Korea's Daewoo Shipbuilding and Marine Engineering on Monday said it plans to build the world's biggest floating dock to meet growing demand for large container ships.
The world's third largest shipyard intends by June 2009 to build the new dock which could produce six or seven container vessels per year, said spokesman Yoon Yo-Han.
"A final decision has not been made but we plan to build the world's largest floating dock due to a surge in orders," he told AFP.
He gave no details but Internet news provider edaily said the dock would measure 438 meters by 84 meters.
Currently the shipyard has three floating docks to build ships on land.
South Korea, home to seven of the world's top 10 shipyards, has secured record orders last year and this year because of strong demand for crude carriers and offshore exploration equipment amid rising oil prices.
In the first half of this year South Korea's shipbuilding orders soared 38.2 per cent year-on-year in terms of tonnage to 11.