Samsung Heavy Industries Shares Take Record Dive on Share Sale, Loss Forecast
By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co. plunged the most on record in Seoul trading after forecasting surprise losses and announcing
By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co. plunged the most on record in Seoul trading after forecasting surprise losses and announcing
By Nidhi Verma (Reuters) – Two of India’s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving
South Korean shipbuilder Hyundai Heavy Industries (HHI) has announced that it has signed a $400 million contract to build an additional five Very Large Ore
More than 3,300 Canadians attended the unveiling of the first large vessel to built in Canada as part the National Shipbuilding Strategy (NSS) at Seaspan’s
French shipping company CMA CGM has signed shipbuilding contracts for its nine 22,000 TEU Ultra Large Container Vessels (ULCVs) with state-run China State
Global shipbuilder Vard has secured a contract for the design and construction of one expedition cruise ship from Australian cruise operator Coral Expeditions.
By Thomas Seal (Bloomberg) Britain will go ahead with the construction of a new generation of cut-price, multipurpose warships as it seeks to spur naval
LONDON (Reuters) – Britain will buy five new frigates as part of a new shipbuilding strategy aimed at boosting the navy and exports following decades of
MUMBAI, Aug 11 (Reuters) – India’s Cochin Shipyard Ltd shares rose more than 20 percent on their trading debut on Friday after a $225 million
By Krystal Chia and Livia Yap (Bloomberg) — A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its
SEOUL, July 30 (Reuters) – South Korea’s Hyundai Heavy Industries Co has won a contract worth up to $600 million from Vitol, the world’s
By Brenda Goh SHANGHAI, July 25 (Reuters) – European shipbuilders’ dominance in the $117 billion passengership industry may come under threat as
By Jason Scott (Bloomberg) Australia wants more from its $68 billion investment in new ships and submarines than just a more capable navy. With final
By Kyunghee Park (Bloomberg) — The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South
SINGAPORE, April 20 (Reuters) – Singapore’s Keppel Corp posted its first year-on-year rise in quarterly profits since early 2015, helped by
South Korea’s Hyundai Merchant Marine (HMM) has singed a letter of intent (LOI) with Daewoo Shipbuilding & Marine Engineering (DSME) for the
Japanese shipbuilder Mitsubishi Heavy Industries (MHI) says it has reached basic agreements with other domestic shipbuilders on forming alliances in the
By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea —
General Dynamics NASSCO has delivered the third and final ship to be constructed for SEA-Vista LLC as part of a larger eight-ship ECO Class tanker program. In
COLOMBO, March 1 (Reuters) – Sri Lanka’s cabinet has approved the awarding of a $180 million deal for three offshore patrol vessels for the
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