HMD's 2Q profit reaches $12.3m [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced through a regulatory filing on July 23 that its 2Q operating profit (on a separate basis) was KRW 13.97bn (approximately $12.3m), representing a 63.1% year-on-year decrease.  The revenue in the same p...
2018-07-25 07:22:36
HHI reduces stocks in Wartsila Hyundai Engine [General]
Hyundai Heavy Industries (HHI) announced through a regulatory filing on July 23 that the company has decided to reduce its 1.6965m stakes in Wartsila Hyundai Engine, a joint venture established by Wartsila and HHI. The value of shares which wi...
2018-07-25 07:22:09
POSCO continuingly sees strong profit [General]
POSCO announced on July 23 that the Korean steel giant marked KRW 1.2523trn (approximately $1.13bn) of operating profit for the second quarter of 2018, up by 27.9% over the same period of 2017.  From April to June this year, the company p...
2018-07-25 07:21:36
HHI plans to win order selectively in 2H [Shipbuilding]
Hyundai Heavy Industries (HHI) announced through its 2Q earnings conference call on July 23, "Given our relatively stable order cover, we are fully capable of winning new orders selectively in future. Also, our sales strategy for the latter half ...
2018-07-25 07:21:01
DSME got LR smartship security cert [General]
Daewoo Shipbuilding & Marine Engineering (DSME) achieved recognition of its cybersecurity technology from industry leading organization. The company announced on July 24 that it achieved AiP from LR for its ‘smartship cybersecurity.’ ...
2018-07-25 07:20:32
DSME completed Mangalia disposal [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on July 23 through a regulatory filing that it completed KRW23.9bn of the transaction to sell its share in Daewoo-Mangalia Heavy Industries (DMHI), a Romania-based subsidiary yard, wit...
2018-07-25 07:19:33
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