Monday, October 18, 1999 Maritime News

NNS Earnings Per Share Up 26 %

Oct 18, 1999

Newport News Shipbuilding reported net earnings of $20 million, or $.58 per diluted share for the third quarter of 1999. Earnings before interest and taxes (EBIT) for the quarter were $47 million,

Daewoo Fined For Intra-Group Trade

Oct 18, 1999

South Korea's Fair Trade Commission reportedly fined Daewoo Corp about $1.2 million last month for an unfair intra-group foreign currency transaction, in which

Pakhoed Plans To Issue Financing Preference Shares

Oct 18, 1999

Pakhoed NV will reportedly publish a prospectus for the issue of a maximum of four million cumulative financing preference shares. The issue price is approximately $1,

Hanjin Expects Increase In Sales

Oct 18, 1999

South Korea's Hanjin Shipping Co. expects its sales to rise by five to six percent to $3.5 billion in 1999 from a year earlier, according to company officials. Officials

Kvaerner Appeals EC Ruling On State Aid Repayment

Oct 18, 1999

Kvaerner has reportedly appealed against a European Commission ruling that it must repay state aid of $44.8 million for alleged over-production at its Warnow shipyard in Germany during 1998.

 

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