DSME turns to the black in 1H
Daewoo Shipbuilding & Marine Engineering announced on August 14 that the Korean shipbuilding giant has posted profits for the second successive quarter. In the first half of 2017, Daewoo racked up revenue of KRW 6.1881trn (around $5...
MHB posts revenue of RM493m in 1H
Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB” or “Group”) has recently announced its financial results for the six months ended 30th June 2017. The Group achieved a revenue of RM493.1 million with a pre-tax loss of...
YZJ sold off its two subsidiaries
As a part of the disposal of its non-core businesses, Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, turns out to have sold stakes in its two subsidiaries. According to a foreign medi...
ABG Shipyard bankruptcy proceedings approved
Bankruptcy proceedings against ABG Shipyard were approved by the Ahmedabad bench of National Company Law Tribunal (NCLT). According to local reports, Justice Bikki Raveendra Babu admitted a plea filed by creditor ICICI Bank Ltd for initiating ...
Cochin's IPO finished successfully
The initial public offering (IPO) of India's largest state-run shipbuilder Cochin Shipyard Ltd (CSL) has been closed just two days after it commenced. According to industrial sources and India's local presses, the INR 14.68bn (around $229m) de...
KHI wins two NBs in Apr-Jun
Kawasaki Heavy Industries (KHI) has recently released its financial result for the first quarter of FY 2017 (April-June, 2017) and conveyed that its Ship & Offshore Structure division recorded net losses of JPY 2.8bn ($25.29m), turning to the...
Tidewater finishes financial restructuring
Tidewater Inc. ("Tidewater" or the "Company") announced that effective July 31 the Company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Jo...
BSC tries to raise Chinese money for NB project
It is said that Bangladesh's state-owned operator Bangladesh Shipping Corporation (BSC) is currently negotiating with one Chinese financial institute regarding a new order for eight new ships. BSC has already ordered three bulkers and t...
Wisdom raises $10.5m for fleet expansion
Taiwanese owner Wisdom Marine announced a plan to raise NTD 320m ($10.58m) through issuing 32m new shares on July 28. The issuance of new shares is for the purpose of financing new ships. Wisdom Marine said 10% of the new shares will be res...
Sanoyas turns to black in Apr-Jun
Sanoyas Holdings has recently released its business results for the first quarter of financial year (FY) 2017 (April-June, 2017). During the three months, the Japanese shipbuilder posted revenue of JPY 11.974bn (approximately $187m), up ...
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