Finance
Cochin's IPO finished successfully
The initial public offering (IPO) of India's largest state-run shipbuilder Cochin Shipyard Ltd (CSL) has been closed just two days after it commenced. According to industrial sources and India's local presses, the INR 14.68bn (around $229m) de...
2017-08-04 07:25:13
KHI wins two NBs in Apr-Jun
Kawasaki Heavy Industries (KHI) has recently released its financial result for the first quarter of FY 2017 (April-June, 2017) and conveyed that its Ship & Offshore Structure division recorded net losses of JPY 2.8bn ($25.29m), turning to the...
2017-08-04 07:22:36
Tidewater finishes financial restructuring
Tidewater Inc.  ("Tidewater" or the "Company") announced that effective July 31 the Company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Jo...
2017-08-03 07:17:46
BSC tries to raise Chinese money for NB project
It is said that Bangladesh's state-owned operator Bangladesh Shipping Corporation (BSC) is currently negotiating with one Chinese financial institute regarding a new order for eight new ships.   BSC has already ordered three bulkers and t...
2017-08-03 07:09:32
Wisdom raises $10.5m for fleet expansion
Taiwanese owner Wisdom Marine announced a plan to raise NTD 320m ($10.58m) through issuing 32m new shares on July 28. The issuance of new shares is for the purpose of financing new ships. Wisdom Marine said 10% of the new shares will be res...
2017-08-03 07:08:47
Sanoyas turns to black in Apr-Jun
Sanoyas Holdings has recently released its business results for the first quarter of financial year (FY) 2017 (April-June, 2017).  During the three months, the Japanese shipbuilder posted revenue of JPY 11.974bn (approximately $187m), up ...
2017-08-02 07:24:23
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
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