shipbuilding

Yangzijiang posts 21% drop in 3Q gross profit to RMB1 bil on lower gross margins

SINGAPORE (Aug 23): Nam Cheong swung back to profitability in 1H18 with earnings of RM0.6 million ($0.2 million) compared to its RM2.1 billion loss in 1H17 after restructuring a substantial amount of trade debts with its creditors, resulting in a waiver o

SINGAPORE (July 26): Singapore’s industrial production grew faster than expected in June, helped by a sharp turnaround of the marine and offshore sector, data showed on Thursday, but analysts say trade tensions cloud the outlook.

SINGAPORE (July 13): CGS-CIMB Securities is maintaining its sector “overweight” on Singapore’s offshore & marine (O&M) industry with expectations of Yangzijiang Shipbuilding to deliver stronger q-o-q earnings on stronger shipbuilding margins.

SINGAPORE (July 3): DBS is reiterating its “buy” call on Yangzijiang Shipbuilding (YZJ) with an unchanged target price of $1.82, which translates to 1.25 times price-to-book value (P/BV), approximately 0.4 standard deviation points below the historica

SINGAPORE (Apr 16): Civmec has won a contract from Luerssen Australia, a subsidiary of German shipbuilder Lürssen, to supply and process steel for all 12 vessels to be built for Australia’s SEA 1180 Offshore Patrol Vessel (OPV) project.

SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract val

SINGAPORE (Mar 28): Sembcorp Marine's wholly-owned subsidiary, Sembcorp Marine Rigs & Floater, secured an Engineering, Procurement and Construction (EPC) contract from UK-based energy company TechnipFMC.

SINGAPORE (Mar 7): Vard Holdings has secured contracts for the design and construction of two luxury expedition cruise vessels for French cruise company Ponant, a subsidiary of Artemis Group.

SINGAPORE (Dec 4): Vard Holdings has won contracts worth NOK 700 million ($113.9 million) for the design and construction of seven stern trawlers for four Icelandic shipowners, namely: Bergur-Huginn, Utgerdarfelag Akureyringa, Gjögur and Skinney-Thingane