"DSME financial support is commercial judgment" [Finance]
It has been confirmed that Japan and the European Union have formally protested the financial support to be provided for Daewoo Shipbuilding & Marine Engineering. They claim it violated the World Trade Organization (WTO) rules, which prohibit...
2017-04-19 07:09:20
China's order intakes dropped by 25% [Shipbuilding]
Despite the current rebound trend in global shipping market, recovery is hardly seen in China's shipbuilding industry. The country has continuingly seen poor order intakes and a decrease in backlog, with weak industrial output and main economic i...
2017-04-19 07:08:42
DSME to begin autonomous restructuring [Finance]
In the meetings of bondholders of Daewoo Shipbuilding & Marine Engineering, which were held five times from April 17 to 18, near unanimous approvals were obtained for the Korean shipbuilding tycoon's debt readjustment plan.  The plan ...
2017-04-19 07:06:27
HHI saw 23% up in new orders [Shipbuilding]
Hyundai Heavy Industries announced through a regulatory filing on April 17 that the Korean shipbuilding tycoon racked up new orders of $2.044bn for the first three months of 2017, representing a 23% upturn over the same period of the previous yea...
2017-04-19 07:05:52
Fincantieri inks MOA for 2+2 cruise ships [Shipbuilding]
Fincantieri announced on April 18 that the company and VikingOcean Cruises signed a memorandum of agreement for the construction of two additional cruise ships, with an option for another two. The new builds will be sister ships to the six alr...
2017-04-19 07:04:36
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