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Last 6,600 KRW
Change Today -130.00 / -1.93%
Volume 2.7M
As of 2:27 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

daewoo shipbuilding & marine (042660) Snapshot

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Day High
Day Low
52 Week High
09/2/14 - 24,650
52 Week Low
08/21/15 - 5,580
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for DAEWOO SHIPBUILDING & MARINE (042660)

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daewoo shipbuilding & marine (042660) Details

Daewoo Shipbuilding & Marine Engineering Co., Ltd., a shipbuilding and offshore company, engages in building and selling various special-purpose ships; and the construction of plants worldwide. It provides commercial vessels, including tankers, container carriers, bulk carriers, ore carriers, LNG and LPG carriers, roll-on roll-off carriers, chemical carriers, product carriers, passenger ferries, and other vessels; specialty vessels comprising submarines, destroyers, battle ships, submarine rescue vessels, AUVs, and other specialty vessels; fixed platforms, rigs, and FPSO/FPU/FSOs for offshore oil and gas exploration and production; onshore plants, such as chemical plants, seawater treatment plants, and power plants; industrial facilities, which include off-loading facilities; and steel structures that comprise steel bridges and steel cages. The company is also involved in service and wholesale activities; and warehousing, packager, and shipping businesses. In addition, it manufactures ship parts; develops real estate and related business activities; and develops wind power. Daewoo Shipbuilding & Marine Engineering Co., Ltd. was founded in 1973 and is headquartered in Seoul, South Korea.

Founded in 1973

daewoo shipbuilding & marine (042660) Top Compensated Officers

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Executives, Board Directors

daewoo shipbuilding & marine (042660) Key Developments

Daewoo Shipbuilding & Marine Engineering to Cut 1,300 Jobs and Assets Selloff

Daewoo Shipbuilding & Marine Engineering is set to undergo restructuring, including job cuts and assets selloff worth KRW 400 billion ($338 million), as it battles to cope with mounting losses and lack of orders. The restructuring program will directly affect 1,300 jobs, including 30% of general managers and other high-ranking officials. The company is offering them a voluntary retirement scheme. The massive restructuring drive came as the nation's No. 2 shipbuilder posted over KRW 3 trillion in losses in the first quarter. It blamed construction delays on offshore projects, such as oil and gas rigs, for the losses. The cash-strapped shipbuilder will cut down the number of teams to 70 from the existing 100 by merging or abolishing underperforming divisions. In line with the reorganization, DSME chief executive and president Jung Sung-leep has directed to put company properties up for sale as part of its rescue program. Assets likely to be sold off include two office buildings in Seoul and a golf course just outside the capital city, according to the sources. The shipbuilder estimates that it can sell its headquarters near the Cheonggyecheon Stream for KRW 160 billion, one in Dangsan area for KRW 40 billion and the golf course Sunning Point Country Club for KRW 180 billion. The company, however, plans to keep a factory in China and an engineering center in Tajikistan.

Daewoo Shipbuilding & Marine Engineering Co. to Reduce the Number of Executives by Some 30%

Daewoo Shipbuilding & Marine Engineering Co. has announced that it will push for reorganization moves, including selling of assets and reducing the number of executives. The shipyard said it will reduce the number of executives by some 30% and slim down its structure.

Daewoo Shipbuilding & Marine Engineering Co., Ltd. Announces Contract to Deliver LNG Cessel to Chandris

Daewoo Shipbuilding & Marine Engineering Co., Ltd. announced a contract to deliver the LNG vessel, able to carry 173,400 cubic meters of natural gas, to the Greek shipowner Chandris by the latter half of 2018.


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042660:KS 6,600.00 KRW -130.00

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