Wednesday, December 30, 2020
Tuesday, August 18, 2015
Tuesday, July 14, 2015
DSME Shares Plunge on Media Report Saying $1.75 Billion in Losses Not Booked
SEOUL, July 15 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd shares fell 12 percent on Wednesday after a newspaper reported the company had losses of...
Tuesday, January 22, 2013
Fredricksen is “Printing Money” With Golar LNG as Day Rates Begin to Fall
Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers transporting the fuel, a...
Monday, August 20, 2012
Offshore Sector Continues to Sustain Shipyards as DSME Wins $1.96 Billion Platform Order
(Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. won a 2.22 trillion won ($1.96 billion) order to build five fixed platforms as rising demand for energy products helps South Korean...
Sunday, December 25, 2011
DSME Exceeds 2011 Shipbuilding Target by $3.8 Billion, Expects Lower Figures in 2012
SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said on Monday it expects around $11 billion in new orders next year while earmarking about KRW500 billion ($437 million) for capital expenditure....
Friday, December 9, 2011
Daewoo Shipbuilding Cancels $514M Order, Keeps Deposit for 2 VLCCs and 2 Bulk Carriers
SEOUL—Daewoo Shipbuilding & Marine Engineering Co. said Friday it has canceled an order worth 589 billion won ($514 million) from a European client because the customer was unable to make its first...
Monday, November 7, 2011
Daewoo Shipbuilding Looks to Diversify, Considers Wind Turbine Expansion
SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is considering acquiring German wind-turbine maker Bard Holding GmbH as it seeks a new growth engine amid sluggish demand in...
Wednesday, October 26, 2011
Daewoo Shipbuilding Blazes Past $12 Billion in Sales for 2011
One of the world’s most prolific shipbuilders, Daewoo Shipbuilding and Marine Engineering (DSME), located in Okpo, Korea, hit their sales target for this year by winning new orders. DSME won...
Monday, October 17, 2011
Daewoo Shipbuilding Exceeds Yearly Order Target by $1B
SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%, helped by two separate contracts totaling $1.95 billion, it said Monday. The...
Monday, October 10, 2011
Monday, August 29, 2011
Daewoo Shipbuilding CEO: $1.2B order for Indonesian submarines likely
SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) expects Indonesia to name the company as the preferred bidder for the country’s submarine building contract in September, Daewoo Shipbuilding’s chief executive said Monday....
Friday, August 19, 2011
Daewoo Shipbuilding drops almost 14%, Korean market takes heavy losses
Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on a fresh wave of concerns about...
Wednesday, August 10, 2011
Hyundai Merchant Marine to buy 5 container ships worth $643M
SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s No. 2 shipping company by revenue, said Wednesday it will invest KRW695 billion ($643 million) to buy five container carriers to strengthen its...
Friday, July 29, 2011
Thursday, July 28, 2011
Daewoo Shipbuilding 2Q Net Down 3.6% On FX Losses, Operating Profit Surges
SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its second-quarter net profit fell 3.6% due to foreign-currency losses as a result of...
Thursday, July 21, 2011
Hyundai Steel Expects Shipbuilding Plate Supply Deals With Japan In 2H
SEOUL (Dow Jones)–Hyundai Steel Co. (004020.SE), South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in the second half of the year to supply thick...
Tuesday, June 21, 2011
Maersk “likely” to exersize option on ten Triple-E mega ships
MOSCOW (Dow Jones)–Danish shipping giant A.P. Moller-Maersk A/S (MAERSK-B.KO) is likely to exercise an option to order ten large container ships from Daewoo Shipbuilding & Marine Engineering Co. Ltd. (042660.SE),...
Thursday, June 16, 2011
Neptune Orient Lines: Signed Letter Of Intent For 12 New Ships For US$1.54B
SINGAPORE (Dow Jones)–Neptune Orient Lines Ltd. (N03.SG) said Wednesday it has signed letters of intent for the construction of 12 new container vessels and upgraded the orders for another 10...
Wednesday, May 11, 2011
Vantage Places Order For Ultra-Deepwater Drillship
Vantage Drilling has announced that it has entered into an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd to construct an ultra-deepwater drillship. Vantage said it plans to name...
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