Finance
Crisis of emerging shipyards
Newly-rising Asian shipyards, especially South Korean and Chinese shipyards, which are to be constructed or being constructed, are being greatly affected by the global financial crisis. Recently, on the basis of the prosperity in newbuilding marke...
2008-10-01 08:45:02
DSME ESOA to form the consortium
The recent peddling trip of DSME employee stock ownership association (Union President, Seongtae Gwon, the employee stock ownership association ) who declared to participate in the company’s sale through formation of a consortium has been brought i...
2008-09-30 12:04:06
State export insurer actively supports shipbuilding
Korea Export Insurance Corporation (KEIC) announced September 27 that it has decided to provide KRW 1.39 trillion of export insurance for six ultra-large high value-added vessels to be constructed by domestic shipyards. The six ships are reportedl...
2008-09-30 07:59:47
Different voices on future newbuilding market
Leading brokers and research organizations give different opinions on how the global financial crisis will affect shipbuilding market. While some expect newbuilding market slump as most shipowners are having financing difficulties, London-based Clar...
2008-09-28 23:37:12
Growing effects of financial insecurity
Global monetary stringency shows its ripple effect gradually on the shipbuilding industry all over the world. Two shipyards in Germany have filed for insolvency due to insufficiency in their operating funds, and the financing problem in South Kore...
2008-09-26 15:05:19
KDB to rein the tongues of takeover candidates of DSME
Prior to the regular bid for DSME, scheduled for October 13, Korea Development Bank started to rein the takeover-candidates’ tongues. According to the industry sources, KDB, after sending regular bid proposals, forwarded an official document ag...
2008-09-25 10:03:43
Attracting foreign capital will be the essential factor in u...
Bidding battle in undertaking Daewoo Shipbuilding & Marine Engineering (DSME) is now almost over as the preliminary actual inspection which started September 16 is now getting into the second week. The inspection continues for 3 weeks till Octob...
2008-09-23 16:10:03
SHI’s technological prowess makes it remain competitive
Goodmorning Shinhan Securities recently announced that Samsung Heavy Industries’ (SHI) global technological competitiveness would not falter, and made a downward readjustment on their stock target to KRW 41,300, remaining their investment suggestio...
2008-09-21 23:06:02
DSME’s subsidiaries in KRW 1 trillion deficit - acquisitio...
Improperly-run enterprises, affiliated with Daewoo Shipbuilding & Marine Engineering, have arisen as a new factor in DSME bidding battle. Those troubled subsidiary companies are showing a loss of some KRW 1 trillion and the four acquisition candid...
2008-09-21 22:58:48
KDB says, “Foreign capital, not a preferential condition i...
Korea Development Bank (KDB), the biggest stock holder of Daewoo Shipbuilding & Marine Engineering (DSME), announced that the ratio of foreign capital will not be a privilege in the process of forming an acquisition consortium. “There will neith...
2008-09-19 13:16:08
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