DSME’s new owner is to be determined in October
Daewoo Shipbuilding & Marine Engineering’s takeover process is gaining a momentum. The new owner who is poised to takeover Daewoo Shipbuilding & Marine Engineering is to be determined by forthcoming October this year. Korea Development Bank p...
DSME’s sales process is to be resumed
Daewoo Shipbuilding & Marine Engineering’s sales process is to be resumed after several months long stalled process. However, labor union members give one of the reasons as an objection to DSME’s sales, citing that Korea Development Bank shoul...
DSME's changing valuation
Given that Daewoo Shipbuilding & Marine Engineering’s takeover deal is underway, Daewoo Shipbuilding’s valuation is going through some changes. There is an overwhelming projection that the DSME’s sales’ price range is to be around as low a...
Hanjin Heavy Industries posted a record high profit in 2Q
Hanjin Heavy Industries is projected to record 160 billion won ($ 0.16billion) worth of operating profit and 940 billion ($ 0.93billion) won of sales revenue in the second quarter despite concerns over high raw material prices. This is the record ...
HHI posted a record high of 4,709 billion won ($4.65billion)...
Hyundai Heavy Industries recorded all time high of 4709 billion won ($4.65billion) in sales revenue for the second quarter. Hyundai Heavy Industries announced as of 29th July that the second quarter sales revenue is up 21.5 percent year-on-year ...
Bidding Companies’ image played as a crucial factor in DSM...
The Daewoo Shipbuilding & Marine Engineering (DSME) takeover participant companies’ image is expected to be played as a crucial factor in deciding which companies are to be selected as a bidding company. According to an official of Daewoo Shipbu...
Shipbuilding Industry, 2Q earning result is relatively stron
Daewoo Securities projected second quarter’s strong result despite soaring raw material prices and suggested an overweight opinion of shipbuilding industry. Due to the price increase of steel plate for shipbuilding and steel in the first and sec...
US’s credit crunch weighs on Japanese vessel finance
Japanese ship financial market is reported to have been shrunken stemming from the U.S. financial credit crunch, which has been projected as having a relatively advantageous condition such as financial soundness. According to foreign press source...
CSBC Intend to Increase ship prices
Taiwan’s CSBC, the country’s largest shipbuilder, plans to pass the part of price increase on due to the soaring prices of steel plates. The chairman of CSBC made it clear on that matter lately through the foreign press and it is reported that...
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