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STX Shipbuilding Co. (KSE:067250), the world's seventh-largest shipyard, said Wednesday that its second-quarter earnings climbed 15.3 per cent from a year earlier on increased demand for high-priced ships. Net profit reached 66.2 billion won (US$65.2 million) in the April-June period, compared with a profit of 57.4 billion won a year earlier, the comp...
Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, gained the most in almost a month after posting a better than expected first-half profit on China's rising demand for coal and iron ore. The shipping line's shares climbed as much as 5.9 per cent in Hong Kong trading yesterday. Pacific Basin doubled first-half profit aft...
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, led declines among shipyards trading in South Korea and Singapore on concern new orders are slowing. Tough times: Daewoo Shipbuilding said a European customer cancelled a 619b won contract for eight ships that can each carry 4,800 20-foot containers Daewoo Shipbuil...
Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF-engines for four ships to be built by Samsung Heavy Industries. The contract also includes an option of four more engines for a fifth vessel. The order is reco...
Transocean Inc. reported Wednesday that its second quarter net income topped $1 billion, exceeding analysts’ expectations – thanks largely to last year’s acquisition of competitor GlobalSantaFe Corp. For the three months ended June 30, Houston-based Transocean reported earnings of $1.1 billion, or $3.45 per share, on revenue of $3.1 billion. This comp...
Daewoo Shipbuilding and Engineering said on Thursday it had won a 720.7 billion won ($709.7 million) order for a semi-submersible drilling ship from an unidentified company in the Americas. Daewoo will deliver the vessel by September 2011, the South Korean shipbuilder said in a filing with the Korea Exchange. Source: http://www.reuters.com ...
The European Bank for Reconstruction and Development (EBRD) said on Thursday it had bought 3.8 percent of Russian transport and shipping firm Fesco FESH.RTS for $120 million. Fesco is majority controlled by the group Industrial Investors, led by former energy minister Sergei Generalov. In July, Fesco raised $640 million from selling new shares and...
Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme, a finance ministry official said. The $4 billion we are raising this year will finance the existing vessels already on order and the purchase of more ships, an official at the Ministry of Finance, which is arranging the deal, told Reuters...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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