Finance

  • Hyundai meets 2021 order target with US offshore...

    Hyundai Heavy Industries (HHI) has secured a $577 million deal from Beacon Offshore to build a floating production system (FPS) for its Shenandoah field in the US Gulf of Mexico. In a regulatory filing, HHI holding company, Korea Shipbuilding and Offshore Engineering (KSOE) said that it would undertake the first phase of construction for the offshore crude oil storage facility. The order is the latest in a series of moves by the South Korean shipbuilding industry to diversify and expand the scope of their construction projects. With this order HHI has met 100 percent of its order targets for the year.

     

  • Maersk raises its 2021 profit forecast by another...

    Number-one ocean carrier Maersk is having an exceptionally good year. With freight rates driven sky-high by COVID-related demand and disruption, Maersk has reported some of the best quarterly earnings in its history, and it has raised its outlook for the rest of the year.

     

  • Alkion completes a sustainability linked...

    Alkion Terminals BV (“Alkion”) is pleased to announce the completion of a landmark sustainability linked refinancing of its debt facilities from a group of blue-chip international lenders. The term loans and ancillary facilities amount to EUR 370m (including a EUR 100m capex and acquisition facility) and refinances the previous financing package of EUR 255m m raised in 2019.

     

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Japan's Last Whaling Mother Ship May Cost Too Much to Replace

Anti-whaling activists are pleased that Japan's last whaling mothership operator is ordering a replacement vessel - not because they expect it to succeed, but because they believe that the cost and debt load from the order will put the firm out of business. 

 
English

Hyundai meets 2021 order target with US offshore platform contract

Hyundai Heavy Industries (HHI) has secured a $577 million deal from Beacon Offshore to build a floating production system (FPS) for its Shenandoah field in the US Gulf of Mexico. In a regulatory filing, HHI holding company, Korea Shipbuilding and Offshore Engineering (KSOE) said that it would undertake the first phase of construction for the offshore crude oil storage facility. The order is the latest in a series of moves by the South Korean shipbuilding industry to diversify and expand the scope of their construction projects. With this order HHI has met 100 percent of its order targets for the year.

 
English

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