Page 43 - Offshore Engineering News Today

Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic…

Korea Shipbuilding & Offshore Engineering (KSOE) 009540.KS has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said. With U.S. LNG exports rising, more LNG carriers are travelling ...

South Korean shipbuilders are facing a rise in thick plate price and Russia-related risks after a boom in the industry started last year. Qatar, in the meantime, is expected to place a number of LNG carrier orders starting from next month. Between the steel and shipbuilding industries, an agreement has recently been made regarding a ...

Last weekend, the Indian government announced its move to increase export duties on finished steel a...

Saipem (OTCMKTS:SAPMY – Get Rating) had its price target boosted by investment analysts at JPMorgan Chase & Co. from €1.20 ($1.25) to €1.30 ($1.35) in a research report issued on Monday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. Separately, Barclays upped their price objective on Saipem from €1.20 ($1.25) […]

Daewoo Shipbuilding and Marine Engineering (DSME) announced on May 18 that it has canceled an order for an LNG carrier as the shipowner missed the payment deadline. DSME did not disclose the shipowner, but sources say that the client is Russia’s state-run energy company Novatek. In October 2020, Novatek placed an order for three LNG ...

Saipem SpA (OTCMKTS:SAPMF – Get Rating) – Research analysts at Jefferies Financial Group lowered their Q3 2023 earnings per share estimates for shares of Saipem in a research note issued to investors on Thursday, May 19th. Jefferies Financial Group analyst M. Wilson now anticipates that the company will post earnings per share of $0.02 for […]

Saipem (OTCMKTS:SAPMF – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports. According to Zacks, “Saipem S.p.A. provides drilling services as well as engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore primarily in the oil […]

Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, announced on May 17 that it has signed a contract with an Asian shipping company to build four large liquefied natural gas (LNG) carriers. Samsung Heavy Industries (SHI) also announced on the day that it has won an order for ...

The Business Research Company’s Warship And Naval Vessels Global Market Report 2022: Market Size, Trends, And Forecast To 2026