Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder by order backlog, is seeking to secure deals worth more than US$6.88 billion this year, an official said Saturday. 

In 2019, Daewoo Shipbuilding won orders worth $6.88 billion to build 39 vessels, achieving 82 percent of its annual order target of $8.37 billion, according to the company official.

On Friday, South Korea’s Hyundai Heavy Industries Group said its three shipbuilding units are seeking to…