Finance
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...
2017-08-02 07:22:40
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...
2017-08-02 07:21:44
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...
2017-08-02 07:20:49
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 ...
2017-08-02 07:19:56
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,...
2017-08-01 07:32:19
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...
2017-08-01 07:26:32
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 ...
2017-08-01 07:23:19
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...
2017-08-01 07:22:28
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...
2017-08-01 07:19:38
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 ...
2017-08-01 07:18:27
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