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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Light at the End of the Tunnel Distant for Multipurpose Shipping

The demand outlook for the multipurpose fleet has not improved since the first quarter of 2016. The breakbulk and project cargo sector remain weak, with little

Star Bulk Carriers Reports 1Q Loss, Adds 3 Vessels.

The Athens, Greece-based Star Bulk Carriers Corp. (SBLK) has reported a loss of $48.8 million in its first quarter. The shipping company posted revenue of $46.

Jinhui Sells Supramax

Jinhui Shipping and Transportation has agreed to sell another supramax dry bulk carrier, having just made a similar deal earlier this month.   The purchaser is a company incorporated in Hong Kong.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0732 sec (14 req/sec)