Daewoo Shipbuilding Q2 Earnings Up

Wednesday, July 23, 2008

Daewoo Shipbuilding & Marine Engineering Co. said that its second-quarter earnings increased 12.6 percent from a year earlier on rising demand for high-priced ships.
Net profit reached $113m in the April-June period, compared with a profit of 102 billion won a year earlier, the company said in a regulatory filing.
Sales climbed 52.3 percent, and operating income gained 152 percent to 189 billion won, according to the shipbuilder. Shares of Daewoo Shipbuilding & Marine Engineering closed at 39,600 won on the bourse, up 3.66 percent.
The shipbuilder has won orders valued at more than $10 billion so far this year, accounting for more than half of its yearly target of $17.5 billion worth of orders.

(Source: Yonhap)

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1077 sec (9 req/sec)