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Korea Stock Exchange News

25 Mar 2016

Hanjin Shipping Rely on Assets Sale

As part of its plans to ramp up debt restructuring and  struggle to stay afloat amid the tides of trouble, the Korean shipping line Hanjin Shipping is looking at selling assets, reports The Korea Herald. Hanjin is looking at offloading an office building in London as well as terminals at home and overseas to cut its debt ratio. Hanjin Shipping's, one of South Korea's largest carriers, current debt ratio is about 600 percent. Among the items being eyed for sale are an office building on London’s Pepper Street and shipping terminals, including one in Korea’s southwestern port of Gwangyang, local reports said. “(Various plans) are under consideration to secure liquidity and improve finances, but nothing has been decided yet,” the company said in a Korea Stock Exchange filing.

09 Mar 2004

Golar LNG Increases Ownership in Korea Line

Golar LNG has in a filing to Korea Stock Exchange today March 9th stated that they through market purchases have increased their ownership in Korea Line from 9.9% to 14.6% of the share capital.

15 Jun 2004

Daewoo wins $1.1B LNG Orders

South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipyard, said on Monday it has won orders worth $1.1 billion for four LNG (liquefied natural gas) ships. The company said in a filing to the Korea Stock Exchange Bergesen of Norway had placed an order for three LNG carriers, although did not give the buyer of the fourth ship.

08 Jun 1999

Hyundai Heavy Plans IPO In August

Hyundai Heavy Industries Co. reportedly decided on an initial public offering in August to list its shares on the Korea Stock Exchange.

08 Feb 2001

Daewoo Stake Sale Held Up On Price

South Korea's plan to sell a stake in Daewoo Shipbuilding to an Australian firm has stalled and other options to lure foreign capital are being considered, officials at Daewoo and its creditors said. Differences over how to value Daewoo's share price and how well qualified the Australian company is to hold a stake in a shipbuilding firm have helped stall the deal, they said. Newcastle, a company formed by Australia-based investors, expressed interest in Daewoo Shipbuilding early in 2000. Officials at Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding, said the bank's last official contact with Newcastle was in August. "The price the Australian company has in mind appears to be based on the concept that Daewoo Shipbuilding is a bankrupt company," said I.R.

08 Feb 2001

Hanjin Expects Profit

South Korea's Hanjin Heavy Industries expects to post 2000 net profit of 12.8 billion won ($10.16 million) last year from 91.1 billion in 1999. Sales last year totaled 1.92 trillion won, up 22.9 percent from a year ago, and generated current profit, or earnings before taxes (EBT), of 11.3 billion won, it said in public notices to the Korea Stock Exchange. The company attributed the profit fall partly to an increase in shipbuilding costs and realization of asset re-evaluation loss from its subsidiary Korea Rolling Stock. - (Reuters)

06 Jun 2006

Qatar Orders LNG Carriers

According to reports, Hyundai Heavy Industries Co and two other South Korean shipbuilders said they won orders for 10 LNG carriers from Qatar Gas Transport totaling $2.5b. The announcement comes a day after Qatargas ordered the tankers from Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co to ship the fuel to markets in the US, Asia and Europe. South Korean shipyards’ profit fell in the last two years because higher prices of steel plates used in vessels and the stronger won against the US dollar made the value of the orders secured smaller when converted to the local currency. Hyundai Heavy will build three ships, which can each carry 216,000cu m of LNG, for 713bn won, according to the Ulsan-based company in a statement to the Korea stock exchange.

07 Jun 2006

Samsung Gets Orders for 14 Ships

According to reports, Samsung Heavy Industries Co., has received orders for 14 container ships worth $1.5 billion from three companies including Panama's Naviera Daniela SA and Greece's Danaos Shipping Co. Samsung Heavy will deliver the ships by November 2009, the said in a regulatory filing to the Korea stock exchange today. The orders today raise Samsung Heavy's total for the year to date to $6.9 billion, 90 percent of its 2006 target. The country's shipyards delivered 2.84 million compensated gross tons in the three months to March 31, 21 percent more than a year earlier. The companies are expected to deliver about 2 million compensated gross tons every quarter this year. Source: Bloomberg

08 Jun 1999

Hyundai Heavy Plans IPO In August

Hyundai Heavy Industries Co. reportedly decided on an initial public offering in August to list its shares on the Korea Stock Exchange.

08 Jun 1999

Hyundai Heavy Plans IPO In August

Hyundai Heavy Industries Co. reportedly decided on an initial public offering in August to list its shares on the Korea Stock Exchange.

07 Jun 1999

Hyundai Heavy Aiming For KSE Listing

South Korea's leading shipbuilding firm Hyundai Heavy Industries Co. reportedly aims to list its shares on the Korea Stock Exchange in several months.