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Daewoo Shipbuilding & Marine Engineering Co Ltd (042660.KS)

042660.KS on Korea Stock Exchange

44,800.00KRW
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Latest Key Developments (Source: Significant Developments)

Daewoo Shipbuilding & Marine Engineering to sell welliv for 65 bln won
Thursday, 25 May 2017 04:35am EDT 

May 25 (Reuters) - Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> ::* Says it plans to sell entire 1.2 million shares of welliv, a hotel company, for 65 billion won .  Full Article

Gaztransport et Technigaz receives order from DSME to equip two LNG carriers
Thursday, 18 May 2017 02:38am EDT 

May 18 (Reuters) - GAZTRANSPORT ET TECHNIGAZ SA ::RECEIVED AN ORDER FROM DAEWOO SHIPBUILDING & MARINE ENGINEERING (DSME) <<<042660.KS>>> TO EQUIP TWO LNG CARRIERS WITH ITS NO96 GW CONTAINMENT SYSTEM..DSME SHIPYARD BASED IN GEOJE - SOUTH KOREA - WILL BUILD THE VESSELS OF 173,400 M3 EACH, ON BEHALF OF A EUROPEAN SHIP-OWNER. DELIVERIES ARE SCHEDULED IN 2019..  Full Article

DONG Energy settles dispute with Technip and Daewoo over Hejre platform
Thursday, 4 May 2017 07:31am EDT 

May 4 (Reuters) - Dong Energy says: :Dong Energy and supplier consortium of Technip France and Daewoo Shipbuilding and Marine Engineering Co. Ltd (DSME) have entered into a settlement agreement regarding dispute, including arbitral claims, related to EPC contract for the Hejre platform.Says settlement agreed will have a positive impact for Dong Energy on cashflow and will reduce provisions made in relation to Hejre project with a positive EBIT effect of DKK 0.9 billion within discontinued operations.Says according to agreement, supplier consortium holds full responsibility for disposal of Hejre platform, which will be dismantled by DSME.The settlement does not affect the ongoing assessment with Bayerngas on re-development alternatives for the Hejre field. .Says this does not change Dong Energy's previously announced outlook for 2017 financial year as oil & gas is presented as an asset held for sale and discontinued operations.Says Dong Energy will have no further responsibilities or liabilities with regard to platform.  Full Article

FLEX LNG: contemplates to buy two high-end MEGI LNG carriers
Wednesday, 26 Apr 2017 10:31am EDT 

April 26 (Reuters) - FLEX LNG LTD :FLEX LNG: ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI.ANNOUNCEMENT OF CONTEMPLATED ACQUISITION OF TWO HIGH-END MEGI LNGC NEWBILDS AND PRIVATE PLACEMENT.IS CONTEMPLATING TO ENTER INTO TRANSACTION FOR ACQUISITION OF TWO HIGH-END MEGI LNG CARRIERS CURRENTLY UNDER CONSTRUCTION AT DAEWOO SHIPBUILDING AND MARINE ENGINEERING.TOTAL CONSIDERATION TO BE PAID BY THE COMPANY FOR THE ACQUISITION OF THE VESSELS IS USD 180 MILLION PER VESSEL.20% OF THE CONTRACT PRICE IS PAYABLE WITHIN THREE (3) DAYS FROM A SUCCESSFUL COMPLETION OF THE PRIVATE PLACEMENT.SAYS REMAINING PART OF THE CONTRACT PRICE IS PAYABLE UPON DELIVERY OF THE VESSELS.SAYS ACQUISITIONS OF VESSELS ARE SUBJECT TO PRIVATE PLACEMENT BEING COMPLETED.NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED FOR PAYMENT UNDER FIRST INSTALMENT OF TRANSACTION, WORKING CAPITAL AND GENERAL CORPORATE PURPOSES.  Full Article

CSSC Offshore & Marine Engineering to pay annual cash div as 0.16 yuan per 10 shares for FY 2016
Monday, 3 Apr 2017 08:17am EDT 

CSSC Offshore & Marine Engineering Co Ltd <600685.SS> :Says it plans to pay annual cash dividend as 0.16 yuan(pre-tax) per 10 shares as FY 2016 div payment.  Full Article

Daewoo Shipbuilding & Marine Engineering signs 414.40 bln won contract
Wednesday, 1 Mar 2017 09:44pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> :Says it signed 414.40 billion won contract with Marshall Islands ship-owner to provide LNG carrier.  Full Article

GTT gets order from Daewoo Shipbuilding to equip new floating storage and regasification unit
Wednesday, 8 Feb 2017 11:49am EST 

Gaztransport et Technigaz SA : GTT receives an order from Daewoo Shipbuilding & Marine Engineering <042660.KS> to equip a new floating storage and regasification unit . The vessel will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company . This 173,400 m3 vessel will be the first FSRU to be added to the Maran Gas Maritime fleet and delivery is scheduled for 2020 Further company coverage: [GTT.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Daewoo Shipbuilding & Marine Engineering to invest 200 mln won to set up new wholly owned subsidiary
Sunday, 25 Dec 2016 09:33pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will invest 200 million won to set up a new wholly owned subsidiary, named DSME Information System . Says the new subsidiary will be capitalized at 200 million won and will manage the company's ICT business .Says it will hold 100 percent stake in DSME Information System, after the transaction.  Full Article

Daewoo Shipbuilding & Marine Engineering to sell its entire stake in Dsec for 70 bln won
Sunday, 25 Dec 2016 09:15pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will sell 10.0 million shares of Dsec Co.,Ltd, a ship design company, for financial structure improvement . Says transaction amount is 70 billion won .Says it will hold 0 percent stake in Dsec Co.,Ltd, after the transaction.  Full Article

Daewoo Shipbuilding & Marine Engineering to issue 8th convertible bonds worth 1,000 bln won
Sunday, 25 Dec 2016 09:05pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will issue 8th unregistered and unsecured private convertible bonds, to raise 1,000 billion won for other funds . Says maturity date is Dec. 29, 2046, coupon rate is 3 percent and yield to maturity is 3 percent for the bonds .Conversion price is 40,350 won per share.  Full Article

More From Around the Web

BRIEF-DONG Energy settles dispute with Technip and Daewoo over Hejre platform

* Dong Energy and supplier consortium of Technip France and Daewoo Shipbuilding and Marine Engineering Co. Ltd (DSME) have entered into a settlement agreement regarding dispute, including arbitral claims, related to EPC contract for the Hejre platform