STX Up 15%

Thursday, August 07, 2008

STX Shipbuilding Co. reported second-quarter earnings climbed 15.3 per cent from a year earlier on increased demand for high-priced ships. Net profit reached $65.2 million in the April-June period, compared with a profit of 57.4 billion won a year earlier, the company said in a regulatory filing. Sales increased 54 percent to 711 billion won over the cited period, and operating income gained 54 percent to 29.1 billion won.  (Source: Yonhap)

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Finance

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

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Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

 
 
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