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GROUPE GATO NEWS

Samsung Heavy Industries Swings to Full Year Loss

South Korean shipbuilder Samsung Heavy Industries (SHI) posted a KRW 1.2 trillion (USD 998 million) net profit loss for the financial year ending December 31st, plunging from last year’s KRW 147 bn profit. The company’s operating profit loss dropped to KRW 1.5...

Maybulk Warns of Major Loss amid Dire Market Conditions

Malaysian Bulk Carriers Berhard (Maybulk) has issued a profit warning claiming it expects to record a substantial loss for the fourth quarter of 2015 and the financial year ended 31 December 2015. The losses are mainly attributable to the dry bulk market which...

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