Independent journal on economy and transport policy
01:33 GMT+2
South Korea's shipbuilding orders down 44% in May
(Shipping Times)
June 8, 1999
Falling demand, slow pace of restructuring behind plunge in orders
[SEOUL]
Shipbuilders in South Korea, the world's second largest shipbuilding nation after Japan, saw their new orders drop 44 per cent in May from a year earlier, dragged down by falling demand and the slow pace of their own restructuring.
Hyundai Heavy Industries, the world's largest shipbuilder, ...... Read more on Shipping Times
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