Search results for: trillion

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  • 29 April 2015

    World’s oceans are worth at least USD 24 trillion, but numerous threats are driving this economic powerhouse towards collapse, according to an international NGO World Wildlife Fund. The valuation is contained in a new WWF report: ‘Reviving the Ocean Economy: The case for action – 2015,’ which ranks the oceans as the seventh largest economy in the world if […]

  • 11 November 2010

    A price tag of €1 trillion has been put on the cost of creating a European-wide energy grid to share power between member states. European Union officials say €1 Trillion is the likely cost of creating the infrastructure for an energy-sharing network across the EU, based on a report placed before the EU this week.

  • 2 January 2020

    Russian giant Gazprom said the amount of Kruzenshternskoye’s field’s total gas reserves went up by 22 percent from 1.64 trillion to 2 trillion cubic meters.

  • 6 October 2006

    VietNamNet Bridge – The Vietnam Shipbuilding Industry Corporation (Vinashin) reported an output value of over VND9 trillion ($567 million) and revenues of over VND5.6 trillion ($351 million) in the first nine months of 2006. The figures represented year-on-year increases of 40.7 percent and 73.3 percent respectively. In the period, Vinashin signed nearly $5 billion in […]

  • 15 March 2017
    Business & Finance

    Creditors of the cash strapped Korean shipbuilder Daewoo Shipbuilding & Marine Engineering are looking to secure another rescue package for the company of up to KRW 3 trillion (USD 2.6 billion), Yonhap News Agency cited industry sources. Led by the state-run Korea Development Bank (KDB), the creditors said that the financial support would be provided amid a decrease […]

  • 2 July 2014
    Business & Finance

    The next decade and a half will see renewable energy raise its share of European electricity generation capacity from 40% in 2012, to 60% in 2030, while the share of fossil-fuel sources such as coal and gas falls from 48% to 27%, according to a major report from research company Bloomberg New Energy Finance. The […]

  • 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 […]

  • 3 June 2014

      Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy supply of $1.6 trillion needs to […]

  • 7 May 2018

    Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040.

  • 28 November 2011

    Financing of State Defense Order in 2012 can be increased up to RUR 1.769 trillions, in 2013 spendings nay grow up to RUR 2.236 trillions, and in 2014 – up to RUR 2.625 trillions, said Russian Deputy Prime Minister Sergei Ivanov. “The draft budget has been already formed; it meets parameters of federal budget and […]

  • 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 […]

  • 4 April 2013

    Combined debt owed by South Korea’s seven largest shipyards spiked 44 percent last year as shipbuilders sought more loans from banks and debt sales to cope with falling demand, industry data showed Thursday. As Yonhap reports and according to the data, Hyundai Heavy Industries Co., Samsung Heavy Industries Co., and five other shipyards held a […]

  • 22 March 2017

    Representatives of the Iranian Government have signed investment contracts with private entities worth USD 1 trillion to develop Iranian ports, the country’s Ports and Maritime Organization (PMO) said.  The contracts include investments of USD 10 billion in Mazandaran Province, USD 20 billion in Khorramshahr Port, USD 100 billion in Gilan Province, USD 70 billion in Amirabad Port […]

  • 20 June 2016
    Business & Finance

    The financially troubled South Korean shipbuilder Hyundai Heavy Industries (HHI) could be hit by another hurdle as the company’s unionized workers are planning to launch a strike, according to The Korea Times. Namely, the workers said that this year’s wage negotiations with the company are behind the walkout, however, there are reports that HHI’s self-rescue plan, which includes huge […]

  • 24 October 2018
    Business & Finance

    Hyundai Merchant Marine to sell KRW 1 trillion of bonds to state-owned Korea Development Bank.

  • 8 June 2016
    Business & Finance

    After it received approval to carry out  its self-rescue plan from creditors, the South Korean shipbuilder Hyundai Heavy Industries (HHI) said that it intends to implement a KRW 3.5 trillion (USD 3.02 billion) worth management improvement plan by 2018. In an effort to rebuild trust in the market, improve its balance sheet, and sharpen competitiveness, HHI expects to secure KRW […]

  • 16 August 2016
    Business & Finance

    One of South Korea’s biggest shipbuilders Samsung Heavy Industries reported a net loss of KRW 212.3 billion (USD 194.8 million) in the second quarter of 2016, compared to a net loss of KRW 1.15 trillion reported in the same quarter of 2015. Furthermore, the shipbuilder’s net loss for the first half of the year accumulated to […]

  • 29 April 2020
    Business & Finance, Business developments & projects

    Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell by 42 per cent to 1.12 trillion roubles and […]

  • 12 March 2018
    Business & Finance

    Daewoo Shipbuilding and Marine Engineering (DSME) manages to improve its financial performance for the first time since 2011.

  • 4 May 2016
    Business & Finance

    South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) managed to turnaround its net profit for the first quarter of 2016 recording KRW 31.4 billion (USD 2.7 million) against a loss of KRW 1.12 trillion in the previous quarter. However, DSME’s operating profit remained in the red with an operating loss of KRW 26.3 billion (USD 23 million), missing analysts’ […]

  • 3 June 2014
    Business & Finance

    Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy supply of $1.6 trillion needs to rise […]

  • 18 November 2016
    Business & Finance

    The labor union of South Korea’s financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering has agreed to the company’s restructuring plan, removing the final hurdle to the KRW 2.8 trillion (USD 2.3 billion) financial support, according to Yonhap News Agency. After it earlier converted around KRW 400 billion worth of loans into DSME’s stocks, the state-run […]