Finance
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
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...
2017-08-01 07:13:27
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...
2017-07-31 07:25:36
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...
2017-07-31 07:23:01
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...
2017-07-28 07:15:53
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