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December 17, 2024
A spokesperson for Thyssenkrupp said that a spinoff was the best option to divest its defence business. This came after a German paper reported on Tuesday that several bidders had submitted offers for the unit. Carlyle, the German state lender…
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December 17, 2024
Fincantieri, an Italian company, and Sparkle, a unit of Telecom Italia that deals with submarine cables and surveillance systems for telecommunications cable networks in the oceans have agreed on developing solutions to monitor and protect these cables.
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December 2, 2024
in the face of an altering climate. Tres Hermanas, with its farms, two schools, churches and a. medical center, is among lots of towns that would disappear. in the next six years if the state-owned Panama Canal's. ambitious $1.6 billion job goes ahead. Locals are.
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December 2, 2024
VTB, Russia's second-largest lender, will purchase the Zvezda Shipbuilding Yard from Rosneft. However the deal is in its initial stages. VTB CEO Andrei Kostin said. VTB currently runs the United Shipbuilding Corporation of Russia (USC), Russia’s largest shipbuilder.
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November 17, 2024
On Sunday, Peru's President signed agreements with her Japanese counterpart following a visit by the two leaders shortly after the Asia-Pacific Economic Cooperation Summit hosted in Lima. The agreements were inked by Peruvian President Dina Boluarte, and Japanese Prime Minister Shigeru Ishiba.
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November 15, 2024
The stock markets of the United Arab Emirates rose Friday. Abu Dhabi's Index outperformed the other two due to a rise in shares by its largest listed company, International Holding Company. Abu Dhabi's benchmark Index settled 0.5% higher thanks…
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November 7, 2024
ADNOC Logistics & Services has signed contracts for $4.4 billion in order to build 23 supertankers that will transport ethane and ammonia, as well as liquefied gas. This was reported by the UAE state news agency on Thursday. ADNOC CEO Abdulkareem Al Masabi stated that the company…
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November 6, 2024
A senior South Korean official revealed on Thursday that South Korean President Yoon Suk Yeol spoke with Donald Trump, the U.S. president-elect. They discussed maintaining close ties in all fields including security and economy. The official…
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November 5, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. The Competition and Markets Authority (UK's competition regulator) has approved the domestic…
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November 4, 2024
Hanwha Group, a South Korean conglomerate, increased its offer to S$790.6m ($599.44m) on Tuesday. The largest shareholder in Singapore's Dyna-Mac will now tender his entire stake following the increase. Hanwha did not find the initial offer, S$0.60 a share, made by Dyna-Mac on 10 October compelling.
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October 30, 2024
shipbuilder said on Wednesday. best strategy is to give more value and reinforce (Thyssenkrupp. Marine Systems). We are at their disposal for any possible kinds. of collaboration, Fincantieri Chief Executive Pierroberto. Folgiero told Bloomberg television.
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October 30, 2024
Police said that although a significant fire is still burning at BAE Systems shipyard Barrow-in-Furness in northwest England where the new generation of British nuclear submarines are built, there is no nuclear threat from this incident. Cumbria…
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October 29, 2024
Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.
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October 28, 2024
OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…
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October 22, 2024
, the German company stated on Tuesday. Czech billionaire Daniel Kretinsky. Thyssenkrupp stated in a reaction to emailed concerns. Thyssenkrupp shares fell as much as 3.7% on the news. partnerships. Carlyle decreased to comment. decreased to offer more details. billion euros ($ 1.73 billion).
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October 22, 2024
Fincantieri, an Italian company, signed on Tuesday a Memorandum of Understanding (MoU), which was owned by the Ministry of Defense of Qatar. The MoU is for the development of a joint short-range radar. A source familiar with the deal said that…
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October 22, 2024
said on Tuesday. Thyssenkrupp stated in a response to emailed concerns. constructs submarines and frigates. Carlyle decreased to comment. group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.
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October 18, 2024
Kbank, an online South Korean lender, announced Friday that it had withdrawn its plan to make a public offering. The company cited insufficient demand and thus scuttled what would have been the largest offering of the year in South Korea. Kbank…
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October 15, 2024
Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…
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October 15, 2024
An exchange filing on Tuesday revealed that the Indian government would sell a stake in Cochin Shipyard of approximately 5%. The filing revealed that the floor price of the sale was 1,540 rupees. This represents an 8% discount from the Tuesday closing price.
