C&Group sells listed C&,,
C&Group aduously is now seeking liquidity securement. C& Group confirmed recently, “C&Group’s core business, C&Woobang in construction business and C&Woobang Land in leisure business will be sold in public.” C&Woobang and C&Woobang Land plan to...
Jurong Shipyard wins its day in court
Singapore: Sembcorp Marine reports that the Court of Appeal has dismissed BNP Paribas’ appeal against the decision of the High Court which prevented the French bank from filing a winding up application against its subsidiary Jurong Shipyard. BNP ...
The 2nd Ann Korea Ship Finance Forum was held
November 13, Korea Shipowners’ Association said that the 2nd Annual Korea Ship Finance Forum will be held in Grand Hyatt Seoul on November 18，which experts including shipowners, lawyers, ship brokers, consultants, officials at Korean and overseas...
DSME turned into the red in Q3
Daewoo Shipbuilding & Marine Engineering (DSME) posted its Q3 earnings on November 14. It reported 2.6572 trillion won ($1.9 billion) of revenues and 107 billion won ($76.5 million) of operating profits but the company’s Q3 net profits reached minu...
Poland to sell shipyards by May 2009
The Polish government, which has been continuing talks with the European Commission (EC) over shipbuilding subsidies, has decided, at the request from EC, to sell state-run Gdynia Shipyard and Szczecinska Shipyard to private sector by May 2009. Since...
Hanwha sets to DSME acqusition
Hanwha Group has signed MoU with Korea Development Bank (KDB) today concerning the acquisition (sale) of Daewoo Shipbuilding & Marine Engineering (DSME). It will start actual inspection of DSME early next week from November 17 for three to four we...
MoU signing between Hanwha and KDB delayed again
The MoU signing between Hanwha consortium and Korea Development Bank (KDB) for the sale (acquisition) of Daewoo Shipbuilding & Marine Engineering (DSME) is facing rough going. The differences in their opinions are not narrowing. According to sources,...
Hanwha signs MoU for Daewoo acquisition
The price for Daewoo Shipbuilding & Marine Engineering (DSME) acquisition by Hanwha Group is expected to fall a little from the initial price offered in the bid. Also, the period of actual inspection of DSME is likely to be prolonged by one or two we...
STX offloads part of STX Europe
Korean shipbuilding company STX, formerly Aker Yards, has said it would be interested in selling some of its shipbuilding holdings to the state of Finland, writes Esmerk Finnish News. According to the chairman of the board of STX Europe, Su-Jou Kim, ...
C& Group procures cash
C& Group, facing liquidity crisis now, has succeeded in selling containers owned by its subsidiary C& Container Leasing, starting to secure cash. An official at C& Group said a total of 42,000 TEUs of containers, belonging to C& Container Leasing, we...
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