STX Eyes Sales of $3.17b in 2008

Monday, March 10, 2008

 

Korea.net reported that STX Shipbuilding Co, is targeting $3.17b in sales in 2008.

STX Shipbuilding in a regulatory filing said that it expects its operating income to reach KRW 200 billion in 2008 as compared with KRW 94.8 billion in 2007.

STX Shipbuilding in 2007 saw its net profit more than quadruple as it built more high priced ships to carry chemical products and others. Shipyards in , the world’s largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to and goods to the rest of the world.

 


Finance

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

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Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

 
 
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