Samsung Group Announces Investment Plan

Tuesday, November 08, 2005
AP has reported that the Samsung Group, South Korea's biggest industrial conglomerate with interests ranging from semiconductors to shipbuilding, said Tuesday it plans to double sales by 2010, matching the goals set last week for its huge electronics unit. • Samsung also said it will spend 47 trillion won, or $45 billion, on research and development and recruit 30,000 new researchers over the next five years. The majority of the spending plan includes goals announced more than a month ago by Samsung Electronics Co., which accounts for about 60 percent of total sales and is the group's largest member. Samsung Heavy Industries Co., another pillar of the group, is one of the world's largest shipbuilders.
Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

'Flag Zannis' Delivered

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

New Portal Crane for Schwedenkai Intermodal Handling

Port of Kiel invests in hinterland rail links. A new portal crane has arrived at Kiel’s Schwedenkai Intermodal Terminal, meaning that trains involved in rail-ship

US River Infrastructure Near breaking Point

With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation's farm economy is overstrained by rising demand for shipping capacity,

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1425 sec (7 req/sec)