|Bid||26,550.00 x 0|
|Ask||26,600.00 x 0|
|Day's Range||24,300.00 - 26,800.00|
|52 Week Range||23,200.00 - 44,000.00|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2019 - Nov 16, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36,970.00|
South Korea’s shipbuilders are bracing for a new era of fiercer competition from China after the two biggest Beijing-backed shipbuilding groups announced plans to merge. The consolidation of China State ...
The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard, Refinitiv Eikon shipping data showed on Monday. The Georgiy Ushakov and Yakov Gakkel LNG tankers are both in water at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea and indicating they are performing sea trials, the data showed. The Vladimir Voronin, meanwhile, finished its sea trials and has left the Sea of Japan, setting Yamal LNG as its destination.
A new Arc7 class ice-breaking liquefied natural gas (LNG) tanker, the Nikolay Urvantsev, is undergoing sea trials, Refinitiv data shows, becoming the 13th vessel to join a fleet servicing Novatek's Yamal plant. The vessel, previously known only as DMSE 2432, is owned by Mitsui OSK Lines (MOL) and was built at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea. Another Arc7 tanker, the Vladimir Voronin, is also undergoing sea trials.
One of Asia's largest shipbuilders will help develop "digital twins" for ocean vessels, part of an effort to provide better monitoring and performance analytics around ocean shipping. South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) is part of the co-operation agreement with Finnish software maker Napa, German powertrain developer AVL, and Korea Maritime and Ocean University. The four will collaborate on methods for acquiring and processing engine room data, ship performance and meteorological data.
A new ice-breaking liquefied natural gas (LNG) tanker of the Arc7 class, the Nikolay Yevgenov, is due to arrive this week in Sabetta, the Arctic Russian port of Novatek's Yamal plant, Refinitiv shipping data showed on Monday. The tanker is off the west coast of Ireland at the moment, having left the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea at the end of April, Refinitiv Eikon shipping data showed. It is due to arrive on May 26, according to the data, five months ahead of the schedule set by its operator, Teekay LNG Partners.
LONDON/DUBAI (Reuters) - Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said. Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled and Panama has also removed at least 21 Iranian tankers from its registry forcing Tehran to put the vessels under its own flag, the sources said. Washington has put restrictions on Iran's port, energy and shipping sectors but it has given temporary waivers to the country's eight biggest oil customers, which include China, India and Japan, so they can keep buying Iranian crude.
SEOUL (Reuters) - Samsung Heavy Industries turned down an offer to take over rival shipbuilder Daewoo Shipbuilding & Marine Engineering, the top shareholder of Daewoo said on Tuesday. State-funded Korea ...
Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market. State-funded Korea Development Bank (KDB) owns 55.7 percent of Daewoo, and has said it intends to sell the stake and consolidate the country's three biggest shipbuilders - which includes Samsung Heavy Industries Co Ltd - into two. The combination of two of the giant shipbuilders would ease competition and excess capacity, which have depressed ship prices, KDB Chairman Lee Dong-gull said at a news conference.
SEOUL (Reuters) - Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group ...
SEOUL (Reuters) - South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on ...
A new ice-breaking liquefied natural gas tanker of the Arc7 class, the Boris Davydov, has left a South Korean shipyard and set course for Sabetta, the Arctic Russian port of Novatek's Yamal facility, according ...
A new ice-breaking liquefied natural gas tanker of the Arc7 class has begun sea trials by South Korea's Daewoo Shipbuilding and Marine Engineering around the island of Geoje, Refinitiv Eikon data shows. ...
Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, including vessels designed to carry crude oil, liquefied natural gas (LNG), and shipping containers," Japan's complaint said. Japan said South Korea had implemented a range of measures to help its shipbuilders, including "producer support" such as direct financing that enabled shipbuilders to remain afloat in prolonged periods of otherwise unsustainable low pricing.
A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility. The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows. It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.
Three new liquefied natural gas (LNG) tankers capable of ploughing through the Arctic ice have completed sea trials in recent weeks and are due to start operations at the Yamal LNG terminal in northern Russia, Reuters shipping data shows. Novatek's (NVTK.MM) Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017, with two trains now running at capacity and a third being commissioned. As part of the project, the first along northern Russian shores that are trapped by thick ice for most of the year, 15 carriers in the Arc7 class were ordered from South Korea's Daewoo Shipbuilding & Marine Engineering Co (DSME) .