DSME's public offering to be started
Daewoo Shipbuilding & Marine Engineering will offer stocks for public subscription for a debt-for-equity swap. After the Supreme Court of Korea rejected an individual bondholder's suit against the debt rescheduling program drawn up b...
MHI won a single order in 1Q
Japan's Mitsubishi Heavy Industries (MHI) recently announced its earnings for the first quarter of fiscal year 2017 (April-June 2017). MHI recorded new orders worth a total of JPY 698.1bn (about $6.3bn) during the same period, showing a decrea...
MES failed to win orders in 1Q
Mitsui Engineering & Shipbuilding (MES) of Japan released its results for the first quarter of fiscal year 2017 (April-June 2017) on July 31. In the same period, MES' Ship Division posted net sales of JPY 29bn (about $264 m), up 9% from th...
HMD announces smaller 2Q profit
Hyundai Mipo Dockyard (HMD) announced on August 1 that the company has recorded Q2 operating profit (interim, consolidated basis) of KRW27.9bn ($24m), which is yoy 62.3% decrease. The Q2 Revenue of the company recorded KRW861.2bn, which ...
NOV releases 2Q business results
On July 27, National Oilwell Varco, Inc. (NYSE: NOV) reported a second quarter 2017 net loss of $75 million, or $0.20 per share. Excluding other items, net loss for the quarter was $54 million, or $0.14 per share. Other items totaled $30 million,...
Capital Product secures $460m credit facility
On July 28, Capital Product Partners L.P. (the "Partnership" or "CPLP") (NASDAQ: CPLP), an international diversified shipping partnership, today released its financial results for the second quarter of 2017. The Partnership's net income for th...
JBIC to provide financial support to ship exports
The Japan Bank for International Cooperation (JBIC), a Japanese export credit agency wholly owned by the Japanese government, is planning to provide financial support to a vessel export project of a domestic shipyard. According to local ...
NOV posts narrower losses in 2Q
National Oilwell Varco (NOV) reported a second quarter 2017 net loss of $75m, or $0.20 per share, down from $217m a year ago, or 58 cents per share loss. Revenue for the second quarter of this year was $1.759m, a slight increase from $1.724m f...
Vard saw loss up in 1H
Fincantieri-affiliated Vard Holdings, a Singaporean offshore and specialized vessel builder, posted revenue of NOK 2.128bn (approximately $260m) in the second quarter of 2017, representing a year-on-year decline of 4%. The company's revenue in th...
Sembcorp posts 51% decrease in Q2 net profit
Singaporean shipbuilder Sembcorp Marine recently announced that its Q2 net profit fell by 51% with order slowdown and foreign exchange losses. Big two shipbuilding companies in Singapore, Sembcorp Marine and Keppel Offshore & Marine ...
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