Finance
Chinese shipbuilding industry’ s earning rate dwindled sha...
Chinese shipbuilding industry appears to be hit by steel plate price hike and weakening dollars. As a result of a series of Chinese listing shipbuilders’ report of closing accounts for the first half year or fiscal year 2007 result, it shows a d...
2008-08-28 11:04:20
HHI to expect synergy effects in LNG carrier and offshore se...
According to a prospect, if Hyundai Heavy Industries (HHI) acquires Daewoo Shipbuilding & Marine Engineering (DSME), South Korean shipbuilding industry’s monopolistic strength on certain types of ships in the world will increase. If HHI buys DSM...
2008-08-28 10:50:09
Hyundai Heavy Bid for Majority Stake in DSME
The deadline for letters of intent in the bidding for a majority stake in Daewoo Shipbuilding and Marine Engineering passed 27th. POSCO and the world’s largest shipyard Hyundai Heavy Industries Co., along with energy-and construction-focused conglo...
2008-08-28 10:34:08
Shipbuilding industry is in urgent need to restore confidenc...
An analyst at LIG Investment Securities, Kim Hyun said regarding shipbuilding market’s shares, “In my opinion, attributing the negative factors such as the latest stock market’s fluctuations and foreign investors’ selling spree to the shipbui...
2008-08-28 09:57:38
Shipbuilding industry is to enter a declining trend in 2010
According to Japanese Iron & Steel newspaper, in light of a large scale of bulk vessel’s construction which transports iron ore, coal and grain, shipbuilding market’s expected downturn, what is called ‘ 2010 crisis’ is looming large. Vesse...
2008-08-27 11:00:53
Listed Chinese shipbuilders’ profit drop
Chinese shipbuilding industry appears to post weaker-than-previous earnings due to high oil prices and weakening dollars. According to foreign press, Jiangsu Yangzijiang Shipbuilding Co listed in Singapore stock exchange, sales revenue for the fir...
2008-08-27 10:50:07
DSME’s labor union crafted bid contenders’ qualification
All eyes were turned to Daewoo Shipbuilding & Marine Engineering (DSME)’s labor union’s recent movement in drawing up bidding contenders qualifications. In the wake of the state-run Korea Development Bank(KDB)’s public notice of DSME’s sal...
2008-08-27 10:20:51
DSME sale, Hyundai and Samsung rising as a darkhorse
Upon a public notice for Daewoo Shipbuilding & Marine Engineering (DSME)’s sales as of 22nd, DSME’s takeover has drawn a keen interest. The matters we should keep an eye on regarding M&A are the possibilities of unexpected contenders’ appear...
2008-08-26 11:13:32
HHI exceeds last year’s level of newbuilding order intake
LIG Investment Securities said that concerns over Hyundai Heavy Industries’ sharp decline in order intake mostly derived from the recent stock’s plunge is found to be groundless and this year’s total order intake exceeds the level of previous y...
2008-08-26 09:58:05
DSME bidding battle embarks on
Prospective bidders, POSCO, Hanhwa and GS Group launched a fierce bidding battle for Daewoo Shipbuilding and Marine Engineering (DSME). After a public notice for the sale of DSME, submitting letter of intents, screening of qualified bid contenders...
2008-08-25 11:04:27
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