CSIC plans to sell subsidiary yards
China Shipbuilding Industry Corporation (CSIC) turns out to have planned to sell some stakes in its two subsidiaries Dalian Shipbuilding Industry (DSIC) and Wuchang Shipbuilding Industry (WSIC). The Chinese shipbuilding tycoon has recent...
Cochin Shipyard IPO to open on August 1
India's largest state-run shipbuilder Cochin Shipyard Ltd (CSL) will launch its initial public offer on August 1. Cochin is planning to raise INR 15bn (around $230m) through the IPO. The company will issue 3,39,84,000 equity shares. It c...
Jiangsu Shenghua goes to the block
Jiangsu Shenghua Shipbuilding, a Chinese shipbuilder goes under the electronic hammer of TAOBAO, the largest online shopping platform in China. According to local media, Jiangsu Zhenjiang Intermediate People’s Court has started an auct...
SHI in the black for four consecutive quarters
Samsung Heavy Industries (SHI) recorded KRW2.2997trn ($2.06bn) of revenue and KRW20.6bn of operating profit in Q2 2017. As a result, SHI’s operating profit is back in the black yoy, while achieving four consecutive quarters in the black since Q...
Dayang Shipbuilding goes into bankruptcy
Yangzhou Dayang Shipbuilding, a subsidiary yard of Sinopacific Shipbuilding has declared bankruptcy and started a liquidation process. The shipbuilder sent a notice to executives and staff on July 24 that the company has been suffering from fi...
Sembcorp-Keppel potential merger gathering attentions
Talks about a potential merger of Singapore’s top two shipbuilding companies, Sembcorp Marine and Keppel Offshore & Marine are emerging on the surface. Through a recent report, DBS Vickers Securities, the largest security company i...
SWS swallowed poisoned apples?
After taking the lion's share in last year's competition among Chinese yards for winning next-generation Valemax series, CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) has written down the value of the 14 400,000 dwt ore carriers by CNY 6...
HHI Group spurs management improvements
Hyundai Heavy Industries (HHI) Group is speeding its management improvement plan with consecutive successful disposals of non-core assets. HHI announced on July 26 that it is disposing of all its share in Hotel Hyundai, its own subsidiar...
STX Heavy going into M&A
STX Heavy Industries announced on July 24 that it will proceed its M&A through a competitive open tender. In its announcement, the company explained that “Seoul Bankruptcy Court approved our rehabilitation plan on January 13, 2017,...
GTT records strong financial performance in 1H
GTT (Gaztransport & Technigaz) of France has recently revealed its 2017 first-half results. Key figures for the first half of 2017 ● 13 orders received during the first six months of the year ● Growth in revenues from serv...
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