SPP Shipbuilding Considers $300M IPO

Thursday, November 15, 2007
South Korea's SPP Shipbuilding is seeking to raise about $300m in an initial public offering in South Korea next year, a person familiar with the situation recently indicated. A company spokesperson confirmed that SPP is mulling a share float, but declined to give a time frame or value on the deal. The company had considered making a share offering at home and abroad, but now has no plan to list its shares outside the country, the spokesperson reportedly said. SPP Shipbuilding, which ranks 30th in the global shipbuilding industry by order backlog, reportedly manufactures about 12 product and bulk carriers a year. The mid-size shipbuilder has showed explosive growth in net profit, which soared to $11.1m in 2006, up from $1.1m a year earlier, as it benefits from the boom in global commodity prices. [Source: Dow Jones]
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Savannah Port Sets Cargo Record

Port of Savannah set records for both container volumes and total tonnage in May, with the highest tonnage ever recorded in a single month.   The Port of Savannah has handled more than 338,

Multimodal Freight Bill Introduced in US Senate

Cantwell, Booker, Murray, Markey introduce freight investment legislation aiming to eliminate chokepoints at critical highway, rail, port and intermodal facilities to support economic growth,

Crowley Acquires 4,300 Pieces of Liner Equipment

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1076 sec (9 req/sec)