General
Disapproval of foreign company’s bid for DSME
It plans to put on a restriction on foreign companies’ bid for Daewoo Shipbuilding & Marine Engineering (DSME) as a criteria of potential bidders’ qualification for bidding for the DSME. Given that DSME operates a defense business, if DSME fal...
2008-08-22 10:41:08
HHI given the primary right to move into Gunjang Industrial ...
Hyundai Heavy Industries’ partner firms in Gunsan are expected to be given the primary right to move into Gunjang Industrial Complex in Gunsan city, Jeollabuk-do province. It is because that the Ministry of land transport and maritime affairs pl...
2008-08-22 09:57:14
DSME’s Public Notice of Sale on August 22nd
Daewoo Shipbuilding & Marine Engineering (DSME)’s bidding battle is to be in full swing. According to industry sources, Korea Development Bank is to put up the DSME’s bidding notice in August 22nd and announce their intention of selling a comb...
2008-08-21 10:02:29
Doosan’s decision to drop the DSME bid
As one of the largest M&A deal in Korea, Daewoo Shipbuilding and Marine Engineering’s prospective buyer Doosan Group expressed their intention of pulling out of the bidding battle in August 18th. Doosan’s withdrawal from the bidding race drew lot...
2008-08-21 09:59:41
Braemar to make inroads into tanker FFA market
UK shipbroker Braemar Seascope has decided to establish a joint venture with Tullett Prebon, aiming at success in the forward-freight-agreement (FFA) market. Deals will mainly take place on tanker FFA market but in the long run the joint venture w...
2008-08-21 09:46:08
DNV to undertake classification task for the largest ore car...
Norwegian classification society DNV (Det Norske Veritas) announced that it will take charge of ship classification of the world’s largest 12 ore carriers (400,000 dwt) to be constructed at China’s Jiangsu Rongsheng Heavy Industries. The ships...
2008-08-21 09:44:20
Jurong plans to build a shipyard in Brazil
Singapore’s Jurong Shipyard and the government of Espiritu Santo (one of the states of Brazil) are planning to build a new yard in the Brazilian city of Aracruz. The government of the state has signed a letter of intent with the Singapore’s ya...
2008-08-21 09:42:50
DSME’s bidding battle
One of the largest shipbuilders in Korea, Daewoo Shipbuilding & Marine Engineering (DSME)’s top shareholder, Korea Development Bank appears to publicly announce the DSME’s bidding process in the end of this week. Daewoo Shipbuilding and Marine...
2008-08-20 10:44:08
Shipbuilding Industry considering measures to strengthen IR
Korea’s shipbuilding industry starts worrying about Investor Relations (IR). This is caused by a shock from a stock’s sharp plunge stemming from an order cancellation of some of shipyards. Korea’s shipbuilding industry has been pinpointed...
2008-08-19 10:42:51
Anxieties on shipbuilding industry’s next three years
Is Korea’s shipbuilding industry under ‘the success curse’? The shipbuilding industry has been enjoying close to 10 years of boom after climbing to the top tier of rankings stamping on Japan in terms of the volume of order intake in 2000, acco...
2008-08-18 09:42:56
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