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Samsung Heavy Industries Co Ltd (010140.KS)

010140.KS on Korea Stock Exchange

10,800.00KRW
28 Apr 2017
Change (% chg)

₩-200.00 (-1.82%)
Prev Close
₩11,000.00
Open
₩10,950.00
Day's High
₩10,950.00
Day's Low
₩10,800.00
Volume
2,296,278
Avg. Vol
2,211,854
52-wk High
₩12,600.00
52-wk Low
₩7,221.14

Latest Key Developments (Source: Significant Developments)

Wood Group says has been awarded two Mad Dog phase 2 contracts
Tuesday, 14 Mar 2017 03:36am EDT 

John Wood Group Plc : Wood group awarded two Mad Dog phase 2 contracts . $80 million contract follows december 2016 completion of interim agreement period (IAP) early work, which was valued at $4.5 million .Contracted by Samsung Heavy Industries to provide detailed engineering and procurement services for topsides for bp's mad dog phase 2 floating production unit.  Full Article

Hoegh LNG signs letter of intent for 1 FSRU, 3 options at Samsung Heavy Industries
Wednesday, 7 Dec 2016 01:00am EST 

Hoegh Lng Holdings Ltd : Hoegh lng holdings ltd says it has signed a letter of intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries<010140.KS> in South Korea . Hoegh Lng Holdings Ltd says vessels have scheduled delivery dates of two units in 2019 and two units in 2020 . Hoegh LNG holdings Ltd says the 170,000 m(3) FSRUs have regasification capacity of 750 mmscf/day and full trading capabilities . Hoegh lng holdings ltd says complete shipbuilding contract for firm vessel is expected to be signed by mid-january 2017 . Chief Executive Officer Sveinung J.S. Støhle says: "With this agreement with Samsung Heavy, whose selection has been subject to a competitive international tender, Höegh LNG has taken advantage of a very favorable newbuilding market to position itself for further expansion in the FSRU segment" .Höegh LNG provides floating energy solutions and operates world-wide with as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs).  Full Article

Samsung Heavy Industries cancels contract worth 907.6 bln won
Friday, 2 Dec 2016 04:33am EST 

Samsung Heavy Industries Co Ltd <010140.KS> : Says it canceled contract with an Europe shipowner to undertake construction work of LNG FPSO lower hull, on Dec. 1 . The reason is not receiving work order(NTP) from the oderer .Contract amount is 907.6 billion won.  Full Article

SAMSUNG HEAVY INDUSTRIES announces rights issue worth 1.1 trln won
Friday, 19 Aug 2016 01:39am EDT 

SAMSUNG HEAVY INDUSTRIES CO.,LTD <010140.KS>: Says rights issue of 159,124,614 common shares of par value 5,000 won each . Says issue price of 6,920 won per share, for proceeds of 1.1 trillion won for operations . Employee stock ownership association's preferred right to purchase the new shares at an allocation rate of 20 pct on Nov. 7 . Shareholders of record on Oct. 4 will have rights to purchase 0.6208959 rights share for each share held during Nov. 7 to Nov. 8 .Listing date of Nov. 28 for the new shares.  Full Article

Creditors of Samsung Heavy Industries Co Ltd have called on the shipyard to map out a set of self-restructuring measures - Yonhap
Monday, 2 May 2016 05:44pm EDT 

Samsung Heavy Industries Co Ltd:Creditors of Samsung Heavy Industries Co. have called on the shipyard to map out a set of self-restructuring measures as the local shipbuilding segment is reeling from mounting losses and a protracted slump, industry sources said Tuesday.Last week, Hana Bank, the main creditor of Hyundai Heavy Industries Co., also pressed the shipbuilder to draw up a set of additional self-rescue measures."Samsung Heavy is expected to soon announce a string of restructuring measures, including cost-cutting ones," said an official at state-run Korea Development Bank, the main creditor of Samsung Heavy.The Financial Services Commission, the country's financial watchdog, has demanded local shipyards ramp up self-restructuring efforts, including massive layoffs and sales of noncore assets.Loss-making South Korean shipyards, which are facing growing pressure from their creditors to cut costs, are expected to ratchet up moves to cut down their workforces and sell noncore assets.Hyundai Heavy and Samsung Heavy, Daewoo Shipbuilding's local rivals, are expected to eliminate up to 1,000 workers each through voluntary retirement plans or attrition.Last week, Hyundai Heavy said it will cut the number of executive level officials at its affiliates by 25 percent during the first half, meaning that about 60 executives will be let go under the upcoming downsizing.  Full Article

Maersk Tankers places $300 mln ship order with Samsung Heavy Industries-Reuters
Friday, 18 Sep 2015 08:14am EDT 

AP Moeller Maersk A/S:Maersk unit Maersk Tankers has placed a $300 million order for nine medium-range tankers from Samsung Heavy Industries' Ningbo shipyard in China-Reuters.The nine vessels, whose flag states have yet to be determined, will join the Maersk Tankers fleet during 2017 and 2018.  Full Article

Samsung Heavy Industries amends amount of contract with Oceania Region-based Ship Owner
Friday, 11 Sep 2015 04:32am EDT 

Samsung Heavy Industries Co Ltd:The amount of a contract with Oceania Region-based Ship Owner to supply Oceania Region-based Ship Owner, was amended to 709,300 mln won from 610,300 mln won.  Full Article

Samsung Heavy Industries issues 2015 revenue outlook
Wednesday, 29 Jul 2015 02:58am EDT 

Samsung Heavy Industries Co Ltd:Sees revenue of 10,700 bln won for 2015.  Full Article

Samsung Heavy Industries amends amount of contract with Europe-based ship-owner
Friday, 10 Jul 2015 04:54am EDT 

Samsung Heavy Industries Co Ltd:The amount of a contract with Europe-based ship-owner to supply one drill ship, was amended to 632,400,000,000 won from 576,400,000,000 won.  Full Article

Samsung Heavy Industries signs contract with ship owner in Americas
Monday, 6 Jul 2015 09:59pm EDT 

Samsung Heavy Industries Co Ltd:Signed a contract with ship owner in Americas, to provide construction service.Contract amount of 337,000,000,000 won.  Full Article

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