Page 61 - Offshore Engineering News Today

Australian vessel designer Incat Crowther said Friday China’s first purpose-built catamaran crew transfer vessel was under…

As the third quartercomes to a close, the turnaround for the shipbuilding industry in 2021 continues...

POSCO, Hyundai Mipo Dockyard, Korea Shipbuilding & Offshore Engineering, Lloyd’s Register and the Liberian International…

SEOUL, Aug. 27 (Yonhap) -- POSCO, the world's fifth-largest steelmaker by output, sai...

South Korea’s Hyundai shipbuilding group has secured an order from Maersk, the world’s largest container shipping line and vessel operator, to build eight container ships powered by methanol, an inflammable liquid which is emerging as a new clean-burning fuel thanks to lower production costs and significantly reduces greenhouse gas emissions. The order worth 1.64 trillion ...

Workplace disasters, strikes stress Hyundai Heavy ahead of planned IPO

Hyundai Heavy Industries Group is to complete payment for the acquisition of Doosan Infracore this week, in a deal that would put the ship-focused group atop of the country’s construction equipment industry, according to industry officials Monday. In February, the group’s holdings company formed a consortium with KDB Investment and signed a contract to buy ...

Hyundai Heavy Industries applied for an initial public offering (IPO) to raise up to 1.08 trillion won ($934 million). The shipbuilder submitted a securities registration statement to the Financial Services Commission on Tuesday. According to the statement, the company will offer 18 million newly issued shares at a price between 52,000 won and 60,000 won. ...

Hyundai Heavy Industries Co (HHI), flagship shipbuilder under Korea Shipbuilding & Offshore Engineering (KSOE) on Sept. 3 prices 18 million initial shares at a band of 52,000 won to 60,000 won to raise up to 1.08 trillion won ($935.4 million). All the offerings would be in new issues. According to its IPO prospectus, it hopes ...

Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations. An increase in prices for steel plate has hurt their bottom lines, along with sluggish order books from last year. Korea Shipbuilding & Offshore Engineering (KSOE) has already surpassed its 2021 order target of $14.9 billion, winning contracts to build 49 container vessels, 12 very large crude oil carriers, and more. They total $16.8 billion already, or 113 percent of the targ...