Independent journal on economy and transport policy
01:25 GMT+2
S Korean shipbuilders to see fewer orders this year
(Shipping Times)
February 19, 1999
[SEOUL]
Weakness in the global economy and recent strength of the local currency will slow business for South Korea's shipyards this year, analysts said yesterday.
South Korea's commerce ministry has estimated new orders could fall 15 per cent to 8.5 million gross registered tonnes (grt) in 1999 from 9.99 million grt last year.
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