
Maran in $1bn newbuilding boost for DSME
In a boost for embattled Korean shipayard Daewoo Shipbuilding & Marine Engineering (DSME) inked an order with...
Huarong Energy stays in the red with a loss of $1bn
Huarong Energy has stayed in the red for 2015 posting a loss of RMB6.54bn ($1.01bn), as the group continues on...
Samsung Heavy Industries hit by massive $1bn loss in 2015
South Korea’s Samsung Heavy Industries (SHI) has been hit by a massive KRW1.2trn ($1bn) loss in 2015, despite achieving an operating profit in the final quarter. ...
ZPMC to take legal action against Petrofac over $1bn contract termination
China’s Shanghai Zhenhua Heavy Industries (ZPMC) has announced that it will take legal measures against...
Petrofac terminates $1bn deepwater construction vessel contract at ZPMC
Oil and gas service provider Petrofac has announced that it has terminated a contract with Chinese builder...
Export-Import Bank of China loans $1bn to Teekay
The Export-Import Bank of China (CEXIM) has granted Teekay Corporation $1bn in loans with which to finance the...
Seaspan granted $1bn credit facility by China Exim Bank
Seaspan Corporation has signed a framework cooperation agreement with the China Exim Bank for up to $1bn in export credit facilities.