Trio face 2nd round restructuring: Korea [Finance]
After valuation of credit risk, South Korean financial supervisory authorities and six creditor banks announced that one shipbuilding company is to undergo workout procedure (C grade) and two shipbuilding firms will go into court receivership or liqu...
2010-06-25 16:05:19
WAS Korea objection & correction report [General]
In regard to the article titled "WAS Korea seems unviable" published on June 1st 2010, Asiasis said WAS Korea seems unviable as it expresses its opinion and judgement, but WAS Korea raised a counterargument that the term 'unviable' is used to describ...
2010-06-25 15:12:51
STX inks 9 ships worth $360m [Shipbuilding]
South Korea's STX Offshore & Shipbuilding recently won up to 9-ship orders worth $360m. The shipbuilder inked 4+2 74,500-dwt crude/product oil carriers with Singapore's Tanker Pacific Management Pte Ltd on June 24th. The tankers with a length o...
2010-06-25 12:52:29
Singaporen wins survey vessels [Shipbuilding]
Fugro has ordered up to three survey vessels at Singapore’s Oakwell Shipbuilding Engineering & Construction. The Dutch seismic giant said the contract is for two firm orders plus one optional vessel with deliveries due to take place in 2012. ...
2010-06-25 08:40:21
Bergen to issue bonds [Finance]
Norwegian shipbuilder Bergen Group is lining up a bond issue worth NOK 300m ($46.17m). The notes will mature in July 2013 in a bid to refinance outstanding bond loans which expire this August. First Securities and Pareto Securities are joint ...
2010-06-25 08:37:25
Fjord1 signs LNG ferry newbuild [Shipbuilding]
Norwegian owner Fjord1 has signed a deal for the country’s biggest gas-powered ferry. The ship will be built at Western Shipyard in Lithuania and finished at Fiskerstrand, Norway. The LNG-powered vessel will be delivered in November 2011. ...
2010-06-25 08:35:52
Marinette inks nine patrol boats [General]
US shipyard Marinette Marine has won more US Coast Guard (USCG) newbuilding contracts worth $19.5m. It will build nine ships to add to the 106 patrol boats it already has in its orderbook. Half of the units will be built in Green Bay and the ...
2010-06-25 08:33:30
Yangzijiang promotes 2nd listing [Finance]
Yangzijiang Shipbuilding is kicking on with plans for a second listing in Taiwan in a move which could raise almost $115m. Already listed in Singapore, the yard has entered papers to join the Taiwan Stock Exchange a month after first floating the...
2010-06-25 08:25:27
USC ditches yard deal [General]
Russian state holding company United Shipbuilding Corporation (USC) has scrapped a deal to buy two "over-priced" St Petersburg yards. The expanding yard group believes the asking price for Severnaya Verf and Baltiisky Zavod is too high at a huge ...
2010-06-25 08:24:56
Keppel inks S$50m contracts [Offshore]
Keppel Offshore & Marine reports that its subsidiaries in the Philippines and Singapore have clinched contracts worth about S$50m for the construction and upgrading of vessels. Its yards in Subic and Batangas are each constructing a transshipment ...
2010-06-25 08:19:53
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