China’s Dongfang Shipbuilding Works Through Finance Issues, Work put on Hold at DFS

View Larger Map LONDON (Dow Jones)--Dongfang Shipbuilding Group Company Ltd (DFS.LN), said Monday that the company's 49%-owned shipbuilding associate, DFS Shipbuilding, continues to have discussions with its banks and the local provincial authorities in Yueqing to secure the relevant finance and guarantees for the execution of contracts to allow commencement of work … [Read more...]

Dongfang Shipbuilding: Narayanaswamy Steps Down

LONDON (Dow Jones)--Dongfang Shipbuilding Group Co Ltd (DFS.LN) Wednesday announced that Mr Venkatesh Narayanaswamy has stepped down from the board with immediate effect, adding that the board expects a replacement chairman to be appointed in the near future. -Shares at 1204 GMT flat at GBP0.3 valuing the company at GBP63 million. -By Jana Weigand, Dow Jones Newswires … [Read more...]