(From Lloyds List)
TAKING greater control of its destiny, South Korean shipbuilder Hanjin Heavy Industries has announced its intention to buy back 1.5m common shares for cancellation, writes Sam Chambers in Incheon, South Korea.
In a filing to the Financial Supervisory Service the yard estimated the cost of repurchasing the shares as Won8.5bn ($7.25m) based on yesterday's closing price of Won5,690. Hanjin Heavy will buy back the shares from April 26 to July 21.
A CONSORTIUM of naval specialist HDW, Thyssen shipyard Nordseewerke and Ferrostaal has signed a contract with the Portuguese government for the delivery of two Class …