Hyundai Bids for Daewoo Shipbuilding

Tuesday, October 14, 2008

Hyundai Heavy Industries, the world's biggest shipbuilder, has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering. Top shareholders of Daewoo are selling a 50.4 percent stake in the world's No. 3 ship maker.


Shipbuilding

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Michelle Obama Sponsors Attack Submarine

General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.

 
 
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