Independent journal on economy and transport policy
01:41 GMT+2
Korean yards break dry spell with US$1b orders
(Shipping Times)
July 29, 1998
Shipowners consider newbuildings great bargains given weakening won
By Felix Chan
[SINGAPORE]
Aggressive bidding by shipowners coupled with the weakening of the Korean won reversed a dry spell for Korean shipyards in recent days as they racked up orders worth over US$1 billion (S$1.7 billion).
Taiwan's Yangming Marine confirmed a letter of intent for five ...... Read more on Shipping Times
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