Finance
SHI pays contribution for equipment providers
Samsung Heavy Industries (SHI) announced through a regulatory filing on January 25 that it will contribute KRW 1.67bn (about $1.5m) for shipbuilding equipment providers in financial difficulty. The Korean shipbuilding heavyweight noted, "The c...
2019-01-30 16:34:46
EIB supports Ireland ferry NBs
Announcement made as the W.B. Yeats cruise ferry made its maiden commercial voyage from Dublin to Holyhead this morning New ICG cruise ferries, W.B. Yeats and a second new cruise ferry currently under construction will significantly increase c...
2019-01-28 10:54:23
SHI suffered $365m loss in 2018
Samsung Heavy Industries (SHI) announced its 2018 business results on January 25 through a regulatory filing, revealing KRW 5.2651trn of revenue and KRW 409.3bn (about $365m) of operating loss. The Korean shipbuilding heavyweight's 2...
2019-01-25 16:18:10
Top Ships announces financing for HMD tanker
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has concluded Financing Agr...
2019-01-24 11:37:03
Reshuffle expected in China's state businesses
The Chinese government is to carry out a large-scale reshuffle program including merger, strategic alliance and spin-off towards its compatriot state-owned companies. The State-owned Assets Supervision and Administration Commission of the Stat...
2019-01-22 15:56:24
Lamprell sees $71m loss last year
Before releasing its 2018 business results on March 21, Lamprell, a manufacturer of onshore and offshore drilling production facilities, has recently announced that the company of the United Arab Emirates (UAE) is expected to post about $235m of ...
2019-01-22 15:26:36
China CSSC likely to turn to black
China CSSC Holdings, a listed arm of China State Shipbuilding Corporation (CSSC), is likely to see a net profit of CNY $435m-525m level (preliminary figures) for 2018, after posting net losses of CNY 2.6bn in 2016 and CNY 2.3bn in 2017.  ...
2019-01-22 14:49:29
NES files for bankruptcy again
After going bankrupt last August and being acquired by Rissa-based shipbuilder Fosen Yard, Nordseewerke Emden Shipyard (NES) filed for bankruptcy again. This is already fourth bankruptcy for the German shipbuilder over the past six years. &n...
2019-01-22 14:18:22
HHIC Subic Yard placed on receivership
Hanjin Heavy Industries and Construction (HHIC) announced through a regulatory filing on January 15 that its overseas subsidiary HHIC-Phil (Subic Shipyard) has been placed on receivership by the Olongapo City Regional Trial Court (RTC).  ...
2019-01-15 15:23:50
STX Heavy Industries decides spin-off
STX Heavy Industries announced on January 7 that the Korean company establishes a new spin-off company through the physical division of debtor company's assets, which are to be sold.    The new company's name is STX recovery. STX ...
2019-01-08 14:13:13
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