Finance
Yangzijiang Shipbuilding to acquire shipyard
Singapore-listed Yangzijiang Shipbuilding Holdings said it has signed an agreement to acquire 228 mln shares in Jiangsu Tongzhou Marine Equipment Co Ltd for S$114 million (US$75.68 million). The company said in a statement to the exchange it entered ...
2008-12-01 06:47:33
Sluggish markets hit shipyard expansion
Poor market conditions have also nixed the plans of state-run Cochin Shipyard Ltd to sell shares to the public. Two of India’s top shipbuilding companies, as well as a third that is constructing a new facility, may have to defer plans to raise mone...
2008-12-01 06:44:04
Bergen Group posts favorable Q3 results
On November 26, Norway's Bergen Group posted solid operational development and profit improvement in 3.quarter. It had an operating profit before depreciation and write-downs (EBITDA) of NOK 75 million (USD 10.8 million), up from NOK 24 million in 2....
2008-11-28 10:04:20
C& Heavy files for debt workout
South Korea's shipbuilder C& Heavy Industries and a mid-sized construction firm C& Woobang, the two affiliates of the troubled C& Group, filed for a debt ‘workout’ program, Thursday, with their main creditors Woori Bank and Daegu Bank, respective...
2008-11-28 06:37:41
Yangzijiang sees 50% plus profit growth
China's Yangzijiang Shipbuilding expects annual net profit growth of at least 50 percent over the next two years, a company official said on Wednesday. Zhang Yao, head of the company management department, added that the company expected its fourt...
2008-11-27 06:51:56
China Exim Bank offers relief measures
As the global financial crisis deepens, the Export-Import Bank of China (China Exim Bank), which acts under direct control of the State Council (the Cabinet), has begun putting out a helping hand to the country's cash-strapped shipyards. According to...
2008-11-26 12:27:54
Qatar shipyard to invest US $188m
ASRY’s Chairman Shaikh Daij Bin Salman Al-Khalifa says that the Qatar shipyard is to invest US $188m in new facilities. The new investment follows the recent opening of two new slipways built at a cost of $20m. The planned further new facilities wi...
2008-11-26 10:57:28
Norilsk gets facility to refinance
Miner MMC Norilsk Nickel said Tuesday it had signed a EUR278.8 million facility to refinance its shipbuilding program for the construction of four arctic icebreaking container vessels. The facility, covered by Euler Hermes Kreditversicherung AG, has ...
2008-11-26 07:15:12
Sri Lanka’s Colombo, Sept quarter profit up 7%
Colombo Dockyard, Sri Lanka's sole listed shipbuilder, said net profit for the September quarter grew seven percent to 374 million rupees from a year ago. The company said in a stock exchange filing that revenue rose 7.8 percent to 2,345 million ...
2008-11-26 06:47:47
Samsung revenues pass KRW 10trn ($6.6bn)
Samsung Heavy Industries (SHI) of South Korea has recently accomplished a splendid feat of winning 2-drillship order worth $1.4bn and it is expected the company’s 2008 revenues would exceed 10trn won ($6.622bn) for the first time. Last week SHI ...
2008-11-25 06:50:07
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