Hints and tips:
...Officials told the Financial Times that a proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries would be stopped as anti-competitive....
...“Some customers seem to be placing orders with Chinese shipyards as they want to get LNG tankers delivered earlier,” said Daewoo Shipbuilding & Marine Engineering....
...But after a request for extra government funding was rejected, Ferguson Marine went into administration and the shipyard was taken into government ownership in 2019....
...The labour ministry last month suspended operations at part of the company’s Ulsan shipyard, following two worker deaths this year....
...Shares in South Korea’s so-called “Big Three” shipbuilders — Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering — soared in Seoul on Tuesday after Qatar Petroleum...
...The country’s so-called “Big Three” shipyards — Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering — closed between 6 and 18 per cent higher in Seoul trading...
...In his first public comments since the Scottish government took management control of Ferguson Marine Engineering, Jim McColl, whose Clyde Blowers Capital engineering group rescued the Port Glasgow shipyard...
...Mr McColl blamed delays and hugely increased costs on substantial late changes by Caledonian Maritime Assets Ltd (CMal), which owns and manages Scottish ferries and harbours for the state....
...The ferries, which will run on marine diesel or cleaner liquefied natural gas, are being built at the yard for Caledonian Maritime Assets Ltd (CMal), which owns and manages Scottish ferries and harbours...
...But, like shipyards around the world, it has also suffered from overcapacity....
...Bigger Korean shipbuilders are boosting their competitiveness through consolidation with industry leader Hyundai Heavy Industries set to acquire second-ranked Daewoo Shipbuilding & Marine Engineering....
...South Korean policymakers have been keen to consolidate the country’s overcrowded shipbuilding industry ever since they began rescuing troubled manufacturers, including Daewoo Shipbuilding & Marine Engineering...
...The country’s small and mid-sized shipyards are still reeling from mounting losses and huge debts while its three biggest shipbuilders — Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering...
...Samsung Heavy Industries slid 2.4 per cent and Daewoo Shipbuilding and Marine Engineering shed 4.1 per cent, underperforming a 0.5 per cent gain for the benchmark Kospi Composite index....
...As signs of a global recovery emerge, the country’s big three shipbuilders — Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries — have also cleaned up their balance...
...The bleak outlook pulled down shares in rival shipyards, with Hyundai Heavy Industries falling 4.3 per cent and Daewoo Shipbuilding and Marine Engineering shedding 3.3 per cent in a broader market that was...
...The company said management and day-to-day operations would remain unchanged at SilverYachts, which operates shipyard facilities at the Australian Marine Complex in Fremantle, Western Australia....
...Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, two of the world’s three biggest shipbuilders, are in the final stages of talks with the Switzerland-based shipping group to build 11...
...South Korea’s troubled shipbuilding industry is showing signs of recovery, with the country’s three biggest shipyards surpassing rivals in China and Japan in terms of new orders....
...The industry’s sharp downturn in recent years has pushed some of the country’s shipyards including Daewoo Shipbuilding to the brink of bankruptcy amid industry-wide overcapacity....
...South Korean shipyards, well-regarded for their high-quality work, have long been the choice of drilling companies to build high-specification rigs for deepwater roles....
...Mired in overcapacity and saddled with billions of dollars in debt, Korean shipyards are facing a bleak future unless global trade picks up and oil prices rebound....
...For South Korea’s shipyards, the outlook is not much brighter. The top three shipbuilders last year lost a total of $7bn. Many of the problems stem from a drop in ship orders....
...The choice of a former Hartlepool shipyard to decommission Delta and other Shell Brent structures is down to the tenacity of Peter Stephenson, Able’s executive chairman....
...The transportation ministry has offered Evergreen Marine and Yang Ming Marine Transport, the main shipping conglomerates, a $1.9bn relief package including a credit line with preferential interest rates....
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