Independent journal on economy and transport policy
01:25 GMT+2
Prices are softening from already low levels and have yet to bottom out
(Shipping Times)
April 23, 1998
By David Hughes
WHEN the financial crisis hit South Korea it was unclear what the effect on the country's shipyards would be. To some observers it seemed that the Korean yards would get their just deserts for expanding capacity.
Many in the industry, though, were deeply concerned that the massive drop in the value of the won would simply hone the competitive ...... Read more on Shipping Times
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