STX issues another CPs [Finance]
STX Offshore & Shipbuilding (STX O&S) of Korea will raise another huge amount of fund by issuing corporate bonds (CPs) for the second time this year. According to financial industry on Apr. 26th, STX O&S is to issue a total of KRW 300bn (USD 271....
2010-04-27 07:08:26
Korean Sweep Tankers [Shipbuilding]
Tanker newbuilding orders are rising recently with global economy gradually recovering and oil prices moving north, and Korean shipbuilders are sweeping the orders for new tankers. According to Clarksons database, a total of 48 tanker newbuilding ...
2010-04-27 06:47:13
‘SEA JAPAN 2010’ closes on high note [Equipment]
The ‘SEA JAPAN 2010’ ended on a high note after three busy days at the Tokyo International Exhibition Center from April 21st to 23rd, with 364 marine equipment companies from 25 countries, including Japan, Korea, China, Norway, Germany and Finlan...
2010-04-27 06:43:28
Insolvent shipping firms, 'kicked out' [Shipping]
Korean government decided to liquidate about ten insolvent shipping companies below standards. The Ministry of Land, Transport, and Maritime Affairs (MLTM) of Korea announced on Apr. 25th that it will deregister insolvent shipping companies after ...
2010-04-26 14:57:20
Greek bailout has little impact to Korea [Finance]
Financial Supervisory Service (FSS) of Korea expected that Greece's bailout request to International Monetary Fund (IMF) will have a limited impact on Korean financial industry. As stock exchange markets of US and major European nations went bull...
2010-04-26 13:39:56
POSCO raises steel plate prices [Equipment]
Shipbuilding industry will have to take the burden of cost increment as POSCO of Korea announced on Apr. 23rd that it will raise the price of steel plates including hot-rolled and cold-rolled steel plates, and Hyundai Steel announces further price in...
2010-04-26 11:55:39
STX donates for sunk Cheonan [General]
STX Group of Korea announced that it donated KRW 570m (USD 0.5m) for the deceased naval personnels and the family of the soldiers killed in the sunk Navy patrol combat corvette Cheonan. STX Group raised the contributions through a fund-raising ca...
2010-04-26 11:28:56
Chinese hit by steel price hike [Equipment]
The new round of steel plate price rising severely hit Chinese shipbuilders. As part of shipbuilding cost, the stable steel price is usually the main weapon for shipyards to deal with ship price diving in the past. As CANSI’s fresh statistic...
2010-04-26 09:54:32
Taiwanese welcome hot season [Shipping]
May is commonly considered as the hot season of shipping market. As a result, Taiwanese big 3 shipping tycoons, namely Yang Ming Line, Wan Hai Lines and Evergreen Group are preparing for May. General Manager Zhou Baizhi of Wan Hai Lines said that ...
2010-04-26 09:54:03
New Century confirms IPO [Shipbuilding]
As one of leading Chinese private shipyards, New Century Shipbuilding (NCS) recently confirmed listing in Singapore Exchange. As is reported earlier, NCS intends to collect $700m to $1.1bn through IPO, which is considered as the largest Chinese IP...
2010-04-26 09:53:13
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