POSCO to Sell Pos Plaza

Wednesday, October 01, 2008

According to reports, POSCO has decided to sell Pos Plaza commercial skyscraper to a UK based fund company. The price of the building is reported to be over $400 million. POSCO has denied the speculation that it wants to secure the cash needed to acquire Daewoo Shipbuilding and Marine Engineering from the government and said that it is only for securing cash flow.

Source: Steel Guru

advertise here

Maritime Reporter November 2008 Digital Edition

Latest Maritime News

News

UK’s Royal Navy Launches HMS Dragon

The Royal Navy’s latest addition to the Type 45 destroyer fleet, to be called HMS Dragon, pulled into the Clyde from BVT’s shipyard at Govan on Nov.

Green Push from Hybrid Tug

According to a report from Telegraph-Journal, as seaports try to raise their environmental standards, some companies are finding business opportunities. Foss Maritime Co.

Evergreen Line Restructuring Services

Evergreen Line will restructure its services on the U.S., Asia, Indian Sub continent and Europe routes to stabilize the ship schedules to ensure on-time performance