Search results for: Korea Shipbuilding and Offshore Engineering Company

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  • 29 April 2020
    Business & Finance

    South Korea’s two shipbuilding heavyweights, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries have released their business performance figures for the first quarter of 2020. Korea Shipbuilding & Offshore Engineering Co posted a net profit of ₩ 1.64.9 billion ($ 135.3 million) for the first quarter of this year, up by 853.2 percent. […]

  • 22 July 2020
    Infrastructure, Vessels

    Shipbuilder Hyundai Mipo Dockyard (HMD), part of Korea Shipbuilding & Offshore Engineering Co., has received orders for the construction of four petrochemical carriers.

  • 8 November 2019
    Business & Finance

    The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco and South Korean rig and shipbuilder Hyundai Heavy Industries.

  • 2 July 2018
    Business & Finance

    South Korean shipbuilder Hyundai Heavy Industries has reportedly decided to cut about a third of its executives in the offshore and engineering division.

  • 13 November 2013
    Business & Finance

    Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. today signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new shipyard – shipbuilding […]

  • 13 November 2013

      On November 13, 2013 Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a […]

  • 13 November 2013

    Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new shipyard – shipbuilding complex […]

  • 7 November 2018
    Business & Finance

    South Korea and Japan in dispute over shipbuilding subsidies.

  • 13 November 2013

    Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. signed, on November 13th 2013, a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new […]

  • 3 November 2016
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) intends to raise an additional KRW 700 billion (USD 612 million) through asset sales in 2016, as the shipbuilder expects to add up to five times less orders to its order book this year than initially projected, Yonhap News Agency reports. This year’s new orders are expected […]

  • 2 January 2012

    South Korea’s Hyundai Heavy Industries, said today that it is aiming to win US$30.6 billion worth of orders in 2012. The company also said it is targeting sales of 27.6 trillion won ($24 billion) this year. Hyundai Heavy is the world’s largest shipbuilding company, and it is headquartered in Ulsan, South Korea. It has seven […]

  • 27 January 2013

    Top News of the Week of Jan 19 – 26, 2013

  • 7 April 2017
    Business & Finance

    Emerging South Korean maritime player Samra Midas (SM) Group has been linked to a purchase of a stake in Korea Ship Finance from the ailing shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The move is said to be part of DSME’s restructuring efforts aimed at boosting the company’s liquidity that took a major hit over […]

  • 29 October 2015
    Business & Finance

    South Korea’s state-run creditors of Daewoo Shipbuilding & Marine Engineering (DSME) will pump additional KRW 4.2 trillion (USD 3.7 billion) into this shipbuilding giant hit by two consecutive quarters of multi-trillion losses caused by a falling number of newbuilding orders and further delivery delays in the offshore segment, The Korea Times reports. However, the two leading creditors – the Korea Development […]

  • 21 May 2020
    Infrastructure, Vessels

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs).

  • 29 October 2015
    Business & Finance

    South Korea’s state-run creditors of Daewoo Shipbuilding & Marine Engineering (DSME) will pump additional KRW 4.2 trillion (USD 3.7 billion) into this shipbuilding giant hit by two consecutive quarters of multi-trillion losses caused by a falling number of newbuilding orders and further delivery delays in the offshore segment, The Korea Times reports. However, the two leading creditors – the Korea Development […]

  • 22 February 2012

    Scorpio Tankers Inc has inked a contract with Hyundai Mipo Dockyard Co., Ltd. of South Korea (HMD) to construct a 52,000 DWT MR product tanker. The Company signed a contract with HMD to construct a newbuilding for $36.0 million, which is the Company’s seventh 52,000 DWT MR product tanker newbuilding with HMD. The seventh newbuilding […]

  • 20 August 2012

    South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd, the world’s second largest shipbuilder, has announced today on the Korea Exchange that it has received an order to construct 5 drilling rigs. The order, which comes from a large-scale company, is estimated at $1.95 billion. The rigs, destined for the African region, are expected to […]

  • 27 December 2011
    Business & Finance

    Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME), the second largest shipbuilder in the world and one of the “Big Three” shipbuilders of South Korea, expects to secure new orders worth roughly $11 billion in 2012, according to Reuters. DSME’s CEO was quoted as saying that the company expects  the majority of orders would come […]

  • 14 February 2012

    A Korea-based company STX Offshore & Shipbuilding Co. Ltd. has secured orders reaching 682.2 billion won ($608 million) for constructing six tankers and two LNG carriers from Europe, reports Reuters. The name of the ship operators remains unknown however it has been revealed that the LNG carrier contract will be terminated in January 2015 and […]

  • 19 November 2014
    Business & Finance, Exploration & Production

    A merger agreement announced in September between South Korea’s Samsung Heavy Industries and Samsung Engineering has fallen through. According to The Korea Times, one of South Korea’s largest newspapers, Samsung Heavy Industries has cancelled the deal as shareholders opposing the merger requested the companies buys back their shares. However, according to the paper, the companies opted against the […]

  • 9 February 2015
    Vessels

    A specialized LNG Bunker vessel to be built at the STX Offshore & Shipbuilding company yard in South Korea on behalf of Shell will be powered by Wärtsilä DF dual-fuel engines.