Firms Strive to Hold 'Debt Maginot Line'

Monday, March 23, 2009

According to a March 22 report from the Korea Times, the Asian currency crisis, which caused many Korean firms to fold a decade ago, left a strong legacy that debt-to-equity ratio should be less than 100 percent. However, this debt `Maginot Line' shows clear signs of collapsing in the midst of the ongoing financial crisis. Samsung Heavy Industries saw its year-on-year debt ratio more than double from 484 percent in 2007 to 1,022 percent. Daewoo Shipbuilding & Marine Engineering also stood at a higher level in the list with 671 percent.

(Source: Korea Times)

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

Finance

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

Pentair Reports 3Q 2014 Sales of $1.8 bi

Pentair plc today announced third quarter 2014 sales of $1.8 billion. Sales were up 3 percent compared to sales for the same period last year. Third quarter 2014

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1495 sec (7 req/sec)