Independent journal on economy and transport policy
19:18 GMT+2
South Korean yards' orders drop 21.6% last year
(Shipping Times)
January 11, 1999
Greater edge from weaker won fails to offset fall in demand
By Felix Chan
[SINGAPORE]
A weak won did little to boost demand for South Korean yards as orders slumped 21.6 per cent last year amid the region's stormy economic outlook and as sectors within the industry grapple with overcapacity.
Hyundai Heavy Industries, Daewoo Heavy Industries and their counterparts ...... Read more on Shipping Times
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