Samsung settles wage agreement [General]
South Korea's Samsung Heavy Industries has finalised wage agreement. Even though Samsung's labor council decided to push ahead with strike during sensitive time of enforcing multiple unions, wage agreement was successfully settled. On July 29th, ...
2011-08-08 06:30:35
Big 3 Triple 1Trn [Shipbuilding]
South Korea's Big 3, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, are all expected to reach KRW 1trn ($9.35bn) of operating profit each. Hyundai has already exceeded 1trn in the first half of thi...
2011-08-08 06:27:06
Korea Sole Lead [Shipbuilding]
South Korea's shipbuilding industry continues leading newbuilding market in July. It already pushed aside China to win back the first place thanks to orders of high-value ships during H1, 2011. Clarkson Research Services reported Korea to pen ord...
2011-08-08 06:23:05
Daewoo cashflow stable [Finance]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) shows healthy cashflow, considering its cash-creating capacity, financial flexibility, etc. With the orderbook of KRW 28.8trn ($27.3bn) as of the end of Q1 2011, DSME keeps its strong m...
2011-07-29 12:49:14
Steel & Shipbuilding smile [Equipment]
South Korea's steel and shipbuilding industries reported satisfying results for Q2. Hyudai-Steel announced that revenue from Q2 increased to KRW 4.52trn ($4.29bn) by 48.9% from the same period last year, exceeding KRW 4trn for the first time. Also...
2011-07-29 11:34:09
Daewoo valuation merit [Finance]
South Korea's Daewoo Shipbuilding & Marine Engineering(DSME) now gets valuation merit by recent drop of its share price. Researcher Song Jae-Hak from Woori Investment & Securities reported: "Recent stock value of DSME declines sharply, due to poor...
2011-07-29 11:04:28
Samsung stocks wobble [Finance]
South Korea's Samsung Heavy Industries' stock price weakens in concern that profits would slowdown, even though it achieved earnings in accordance with market expectation in Q2. At AM 9:15, on July 29, Samsung is traded at KRW 43,450 ($41.25) drop...
2011-07-29 10:26:52
Daewoo inks four LNG carriers [Shipbuilding]
South Korea's Daewoo Shipbuilding & Marine Engineering has won an order for four LNG carriers, kick-starting the second half new order drive in earnest. DSME signed the contract for four 159,800 cbm LNG Carriers with George Economou Group in Athen...
2011-07-29 10:02:03
Orders idle: Summer vacation [Shipbuilding]
With the summer holidays started at South Korean shipyards, it is anticipated that newbuilding market will remain a little subdued during the coming weeks, Clarksons said in a recent weekly report. The leading researcher and shipbroker also mentio...
2011-07-29 08:48:25
Davie joins NSPS tender [General]
Canada’s Davie Shipyards has been given the all clear by lawmakers to bid for two huge government shipbuilding contracts worth CAD 35bn. The National Shipbuilding Procurement Strategy secretariat ruled that Davie’s application has met all lega...
2011-07-29 08:38:00
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