SEOUL, June 8 (Korea Bizwire) – Hyundai Samho Heavy Industries Co., a midsized shipbuilder here, said Thursday that it has attracted 400 billion won (US$355 million) in investment from a local private equity firm via pre-initial public offering. The investment is higher than the originally planned 300 billion won, Hyundai Samho said, signaling that investors [...]
SEOUL, March 13 (Korea Bizwire) – Hyundai Samho Heavy Industries Co., a mid-sized shipbuilder here, recently sold a semisubmersible rig obtained from a Norwegian shipping firm through a compromise arrangement, for US$370 million, industry sources said Monday. According to the sources, Hyundai Samho sought arbitration over Seadrill’s cancellation of the rig order, and both sides [...]
YEONGAM, South Korea, Feb. 8 (Korea Bizwire) – Hyundai Samho Heavy Industries hosted a delivery ceremony Tuesday at its shipyard in Yeongnam for its latest VLCC (very large crude carrier) built for Saudi’s state-run shipping company, Bahri. The ship, the Amjad (which means “glory” in Arabic), is 333 meters long and 60 meters wide, and [...]
SEOUL, May 27 (Korea Bizwire) – As the distribution of smartphones loaded with games and web browsers increases, the possibility of safety accidents is soaring accordingly. To reduce such mishaps related to mobile phone usage, Hyundai Samho Heavy Industries is promoting a campaign urging its workers to refrain from using their phones while working. The [...]