Finance
VLCC newbuilding cost hitting a record high
A newbuilding price for VLCC appears to be hitting an all time record high, breaching $170 million per vessel. According to foreign media reports, South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is reported to have clinched four un...
2008-08-20 09:51:29
Tramper shipping company’s earnings look up in first half
A major shipping company which has benefited from an upbeat outlook of dry-bulk produced a good result and an increasing number of tanker shipping companies are also seen to be reaping a large amount of sales revenue as a freight rate, especially VLC...
2008-08-20 09:40:51
STX acquired a majority stake in Aker Yards
With South Korea’s STX Group, led by STX Shipbuilding, acquiring a majority stake in Norwegian shipbuilder Aker Yards, it appears to have formed a solid ground in exercising a more stable managerial rights. According to securities and related in...
2008-08-19 10:05:23
HSHI reaped 289.9 billion won($0.28billion) in net profit fo...
Hyundai Samho Heavy Industries said in a regulatory filing that HSHI’s sales revenue for the first half of 2008 rose 32.9 percent year-on-year to 1573.1 billion won ($1.50 billion). In addition, HSHI’s net profit for the first half of 2008 ros...
2008-08-19 09:50:04
STX Group reaped 13trillion won ($0.01trillion) in sales for...
STX Group which climbs up to 12th slot in the ranks in terms of asset standard, excluding state-run companies and no-owner companies, maintains a remarkable growth trend in the first half of 2008. As a combined corporate earnings result of all STX...
2008-08-19 09:44:50
Daewoo Shipbuilding & Marine Engineering sales schedule adva...
The schedule of putting up Daewoo Shipbuilding & Marine Engineering sales notice is to be advanced by around seven days. According to the industry source as of 13th, Korea Development Bank seems to put a sales notification around next week which i...
2008-08-18 09:58:34
Hyundai Heavy Industries applies for subsidy for a relocatio...
Hyundai Heavy Industries apply for 10 billion won ($ 0.01 billion) worth of subsidy for the corporation’s relocation to Gunsan City. This HHI’s subsidy given by the government is known to have fetched to the highest price since July 2007 when ...
2008-08-18 09:30:35
Samsung Heavy Industries topping the list in terms of sales ...
Samsung Heavy Industries showed the strongest sales figure in the stock market in the first half of year. The listed companies’ single sales and aggregate payment of supply deal jumped 33 percent to 59637.9 billion won ($57.51 billion) as of Aug...
2008-08-14 10:37:51
Financial Supervisory Commission disapproves of DSME’s for...
Jun Kwang-woo, a chief of Financial Supervisory Commission, made a statement regarding state-owned companies’ sales direction as of 12th August that in case of Daewoo Shipbuilding & Marine Engineering (DSME), it is not appropriate for the major sha...
2008-08-14 10:26:39
Vessel cost hikes and rosy outlook
Despite the fact that in the wake of recent cancellation of shipbuilding order and concerns over a sluggish order intake spreading, the shipbuilding industry’s stocks plunged by a big margin, reflecting on the continuous upward run of vessel order ...
2008-08-14 10:02:42
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