ShippingWatch

Hyundai Heavy Industries' IPO debut garners major capital injection

Shipyard Hyundai Heavy Industries has sold shares for nearly USD 1 billion. The capital injection will primarily be spent on financing of sustainable vessels.

Photo: PR / HMM

South Korean shipyard Hyundai Heavy Industries had a strong stock exchange debut today, Friday.

The company has sold shares for KRW 1080 billion, corresponding to USD 922 million, raising the share price to KRW 135,000 from KRW 60,000, writes Bloomberg News.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs