Daewoo Shipbuilding & Marine Engineering (DSME) is KRW 480bn ($401m) better off after it finally delivered a much delayed drillship newbuilding.

Angolan state oil company Sonangol took delivery of the second of two offshore units on Friday, six years after they were originally ordered.

The first drill ship was delivered in March after resolving a multi-year dispute over a delay in delivery, reported news agency Yonhap.