Page 69 - Offshore Engineering News Today

POSTGRADUATE DEGREE THROUGH OPEN DISTANCE LEARNING AT UTP UTP offers you the flexibility to get a Masters Degree without having to quit your job or put your career on hold Do you want to obtain a postgraduate degree without having to put your career on hold? Are you in middle management and have set your sights on a promotion but lack the requisite postgraduate qualification? Are you a petroleum engineer in Sudan but would like to deepen your knowledge at a university overseas recognised by th...

Korea Shipbuilding & Offshore Engineering: Focus on Order Competitiveness Korea Shipbuilding & Offshore Engineering (KSOE) is expected to post sales of KRW16tr (+7.7% YoY) and operating profit of KRW59.4bn (-58.4% YoY) for 2021. Sales are set to grow with increasing deliveries on orders secured in large numbers during 2018-2019. Operating profit is projected to fall 58.4% YoY due to: 1) newbuilding price declines on shrinking global order backlog; 2) drop in the USD/KRW rate; and 3) potential r...

Hyundai Heavy IPO plan faces feasibility doubts Posted : 2021-02-01 16:21 By Nam Hyun-woo The feasibility of the scheduled initial public offering (IPO) of Hyundai Heavy Industries is facing doubts as the plan may undermine the value of its parent firms. Some concerns are already growing that the companys 5 trillion won ($4.48 billion) valuation of itself may have been overhyped, casting a gloomy outlook on the pricing process of its new shares. Hyundai Heavy said earlier it will launch an I...

Korea Shipbuilding & Offshore Engineering has developed a digital twin ship technology that allows it to test operate a vessel in a virtual environment. Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, has developed a digital twin ship technology that allows it to test operate a vessel in ...

Hyundai Heavy Industries Co. Promoting an IPO This Year Hyundai Heavy Industries Group has decided to push for an initial public offering of its unlisted affiliate Hyundai Heavy Industries Co. within 2021. The business group is planning to raise 1 trillion won through the IPO and invest the funds in future projects such as eco-friendly and self-sailing ships. Hyundai Heavy Industries Group said on Jan. 26 that it was planning to issue new shares amounting to about 20 percent of its total stake ...

Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has revised its contract with Korea Development Bank (KDB) to extend the deadline for its acquisition of Daewoo Shipbuilding & Marine Engineering (DSME). The extension was inevitable due to a delay in the European Union (EU)’s review of the corporate ...

By Kim Yoo-chul Korea Shipbuilding & Offshore Engineering (KSOE), a holding firm of Hyundai Heavy Industries (HHI), plans to move forward with HHIs initial public offering (IPO) as a fundraising campaign to invest in the groups future business amid a gradual recovery in the COVID-19 situation. "HHI will invest up to 1 trillion won over the next five years to strengthen the groups competitiveness. Unlisted HHI plans to push for an IPO within this year, and we are aiming specifically to issue 20 ...

Hyundai shipyard’s virtual commission solution wins Lloyd’s basic approval A virtual commission solution developed by South Korea’s Hyundai shipbuilding group has received basic approval from Lloyd’s Register, a London-based technical and business services organization that provides maritime classification. Using digital twin technology, the solution verifies dual-fuel engines, fuel supply systems, and power control systems of natural gas carriers. Korea Shipbuilding & Offshore Engineer...

KSOE extends deadline for DSME acquisition January 26, 2021, by Jasmina Ovcina Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extended from September 2020 to June 2021 after KSOE signed a contract amendme...

25 January 2021 13:43 GMT Updated  25 January 2021 13:43 GMT in  London The deadline for South Korean offshore and marine giant Hyundai Heavy Industries’ $1.8 billion proposed acquisition of compatriot Daewoo Shipbuilding & Marine Engineering has been extended by nine months, a move said to be inevitable due to the delay in European Union approval. Anti-competition agencies in the EU, Japan, China, Singapore and Kazakhstan have to approve the planned merger, as does South Korea�...