Daewoo Shipbuilding & Marine Engineering Co aims to secure newbuilding orders worth $8.9bn in 2022, up 15% from a year ago.

The company said it has already secured orders this year worth $2.72bn, or 30% of its annual target, according to a regulatory filing.

Last year DSME, the world’s fourth-largest shipbuilder by order backlog, achieved $10.8bn