27 Companies Bid to Raise the Sunken Ferry Sewol

kpride, June 24, 2015, 8:13 a.m.

Twenty-seven companies have submitted bids for a multi-million dollar project to raise the sunken ferry Sewol, the Ministry of Oceans and Fisheries said Tuesday. Twenty-one are Korean. Among major foreign bidders are SMIT Salvage of the Netherlands, Svitzer of Denmark and U.S.-based Titan. 

A ministry official said bidders will be evaluated on a scale that gives a maximum 90 points for technology and 10 points for cost. "A preferred bidder will be selected in July and a contract signed as soon as possible so that the ferry can be raised between October and November," the official said.

Industry sources said SMIT Salvage, which has 173 years of experience, formed a consortium with Korea Salvage. The Dutch company raised a 14,000-ton Russian submarine, while Korea Salvage recovered an 11,000-ton container ship off the coast of Vietnam last year.

Svitzer and Titan also formed consortia with Korean firms including Pacific Ocean Marine Industries.
Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering hope to lease equipment to the selected bidder. 

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