We raise our 12m TP by 2.9%, from KRW340,000 to KRW350,000 (12m fwd BVPS x 4.7x target P/B), on HHI to reflect changes to our earnings estimates, 12m fwd base period, 1y MSB yield (RFR) and beta. We maintain BUY, as our new TP has 20.3% upside potential (vs. Apr 1...

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GMS, the world’s largest buyer of ships and offshore assets for recycling, has reached a powerful new milestone in its drive to transform safety in the ship recycling industry: over 10,000 yard workers across India, Bangladesh, and Pakistan have now received free,...

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Survitec, a global leader in Survival Technology, has received independent validation for its Seahaven system, the world’s largest inflatable lifeboat, which signifies an innovative advancement in passenger safety, vessel design, and operational efficiency. The study,...

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Singapore’s onshore fuel oil stockpiles dropped slightly this week but remained above 21 million barrels, a level higher than typical averages, data showed on Thursday. Residue inventories (STKRS-SIN) were at 21.17 million barrels (about 3.33 million metric tons) in...

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Ariana Psomas, PPG global segment director, New Build & Dry Dock, Marine Coatings, explains how adopting low-friction silicone coatings can help the cruise industry to meet sustainability goals. Underwater fouling control hull coatings were once purely a...

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The International Maritime Organization (IMO) has confirmed the expansion of the data reference model within the IMO Compendium on Facilitation and Electronic Business (IMO Compendium) following the conclusion of the 49th meeting of its Facilitation Committee (FAL...

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