SEOUL (Dow Jones)–Samsung Heavy Industries Co. (010140.SE), the world’s second-largest shipbuilder by sales, said Wednesday it is considering a request for help from Brazilian shipbuilder Estaleiro AtlanticoSul, or EAS.
“We are giving the request serious consideration but have not reached any decision yet,” company spokesman Hwang In-chan said by telephone.
According to a report Wednesday in the Maeil Business Newspaper, EAS recently missed delivery deadlines for 18 of 22 vessels as a result of a strike and the continuing euro-zone crisis.
EAS was not immediately reachable.
The EAS shipyard in Suape, in the south of the country, was completed by the Brazil government in 2005. Samsung Heavy has since offered technical support to the yard, Hwang said.
Samsung Heavy, which paid $22 million for a 10% stake in EAS in 2008, now holds 6%, he added.
-By Kyong-Ae Choi, Dow Jones Newswires
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
What (Acting) Secretary Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) President Trump has nominated the Honorable Hung Cao to become the...
Partnership combines U.S. autonomy technology with South Korean shipbuilding expertise as Saronic expands its domestic manufacturing footprint Saronic and South Korea’s Samsung Heavy Industries (SHI) have announced a strategic partnership...
Offshore driller Ocean Rig has announced it has reached a deal with South Korean shipbuilder Samsung Heavy Industries to postpone the delivery of the newbuild drillship Ocean Rig Santorini by...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
