Finance
Damen finalizes negotiations on Mangalia shipyard
Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on the evening of March 21st.  Rene H. Berkvens, CEO of Damen says, “We are very pleased with the positive and constructive d...
2018-03-27 07:19:32
DSME receives unqualified opinion
Shinhan Investment Corp., a Korean securities brokerage and investment banking house, has reset its buy rating to 'buy' for Daewoo Shipbuilding & Marine Engineering (DSME) on March 23.  Hwang Eo-Yeon, a researcher from Shinhan Investm...
2018-03-27 07:08:22
HMM raises funds for building VLCC quintet
Hyundai Merchant Marine (HMM) announced on March 26 that it penned a financial contract with Korea Shipping and Maritime Transportation (KSmart) on March 23 for the construction of five 300,000 dwt very large crude carriers (VLCCs). Regarding ...
2018-03-27 07:04:38
CMBFL attracts Greek customers
China Merchants Bank's finance lease arm CMB Financial Leasing (CMBFL) had a briefing session for attracting customers in Athens, Greece, on March 20, together with its compatriot shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS) and the America...
2018-03-26 07:36:28
Samsung Life takes part in SHI capital increase
Samsung Life Insurance announced through a regulatory filing on March 22 that it has decided to support the capital increase of Samsung Heavy Industries (SHI), one of its allied enterprises, by buying 6.666074m shares in the Korean shipbuilding h...
2018-03-26 07:32:35
SHI confident in successful capital increase
Nam Joon-Ou, CEO at Samsung Heavy Industries (SHI), said on March 22 that the company's ongoing plan for a capital increase of KRW 1.4trn (approximately $1.308bn) will produce successful results.  During the Korean shipbuilding heavyweigh...
2018-03-23 06:57:23
Sungdong filed for court receivership Thursday
After submitting its application form for the process of rehabilitation to a court recently, Sungdong Shipbuilding and Marine Engineering says it has filed for court receivership as of March 22.  An official at the Korean debt-ridden ship...
2018-03-22 16:00:09
SHI sold out employee shares
Samsung Heavy Industries (SHI) took greenlight for its capital increase strategy with encouraging oversubscription of new stocks first allocated to employee stockholders association. SHI has allocated 20% of new stocks, 48m shares to employee ...
2018-03-20 06:39:50
Sungdong files for court receivership soon
Sungdong Shipbuilding and Marine Engineering will reportedly submit its application form for the process of rehabilitations (court receivership) to the court this week. In view of the urgency of restructuring the debt-ridden shipbuilder, it is ex...
2018-03-20 06:39:13
Seaspan Acquires GCI
Seaspan Corporation ("Seaspan") (NYSE:SSW), the world’s largest independent containership owner operator, announced on March 14 that it has acquired the remaining 89% it did not own of Greater China Intermodal Investments LLC ("GCI") from affil...
2018-03-19 07:05:52
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