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Hyundai Corp synergy with HHI
[General]
South Korea's Hyundai Corporation forecasts to continue positive earnings in Q3 2011. Researcher Joo Ik-Chan from Eugene Investment & Securities, said on Aug 17, "During Q3 Hyundai Corporation seems to record operating profit similar to Q2, keepin...
2011-08-18 10:26:19
Cochin's stellar performance
[Shipbuilding]
India's state-owned Cochin Shipyard saw annual profit soar as it got busy with offshore supply vessel newbuildings. The company said net earnings reached INR 2.28bn ($50.21m) in the year to 31 March, compared to INR 180m in the previous 12 months...
2011-08-18 07:52:18
MPC 13,100TEU's resold
[Shipping]
German KG company MPC Capital announced that it has managed to pass on a total of nine orders for ultra-large containerships to third parties. The vessels in question are 13,100 teu units that were ordered by MPC in 2008 at South Korea's Hyundai ...
2011-08-18 07:48:41
Orsova back to profit
[Finance]
Romania’s Orsova Shipyard has made it back into profit in the second quarter. Net profit was RON 0.4m ($133,000) to 30 June, helped by financial gains, against a loss of RON 50,000 in the same three months of 2010. Revenue dropped 22% year-...
2011-08-18 07:45:21
ASL results fall
[Finance]
Singapore's ASL Marine saw profit slide by 19% in its final quarter. ASL reported S$5.8m ($4.8m) profit for the April-to-June quarter compared to S$7.2m in the same quarter a year ago. Operating profit was also down although significantly less at...
2011-08-18 07:43:11
Maersk profit edges up
[Finance]
AP Moller-Maersk saw its bottom line edge up by 3% in the first half of the year. The company banked DKK 14.54bn ($2.733bn) for January to June period, edging past the DKK 14.16bn posted in the same period a year ago. The rise trumped market ...
2011-08-18 07:36:32
Keppel seeks higher rig prices
[Equipment]
Keppel Corp., the world’s biggest offshore oil-rig maker, said it may win higher prices because of rising raw-material costs and increasing investment in exploration. Prices for offshore units are “moving up a little bit,” Chief Executive Of...
2011-08-18 07:32:04
Malaysia scores LNG-FSRU
[Offshore]
Malaysia Marine & Heavy Engineering (MMHE) has won massive conversion contracts worth almost $320 million from MISC. The deals will see MMHE undertake the first ever conversion of a ship into an LNG-FSRU while MISC has also signed on for an FPSO ...
2011-08-18 07:27:37
Kogas buys Prelude, Ichthys LNG
[Equipment]
South Korea has signed liquefied natural gas supply deals worth KRW 90 trillion ($84 billion) with Shell and Total for gas from their Australian interests, the nation’s Ministry of Knowledge Economy announced. State-run Korea Gas Corp (Kogas) will ...
2011-08-18 07:23:29
Pacific wins Petrobras drillship deal
[Offshore]
Petrobras awards Pacific Drilling a three-year contract for one of Pacific's ultra-deepwater drillships. The Pacific Mistral, built by Samsung Heavy Industries, is a dynamically positioned rig equipped to drill at depths of up to 10,000 feet. ...
2011-08-18 07:19:13
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