Independent journal on economy and transport policy
08:39 GMT+2
Shipping Firms - Debt Ratio Doubled Last Year
(The Digital Chosun)
April 26, 2001
The nation's 38 ocean-going shipping firms saw their debt-to-equity ratio soar by more than two-fold, from 328% at the end of 1999 to 848% at the end of last year.
According to statistics issued by the Ministry of Maritime Affairs and Fisheries Wednesday, the 38 firms posted a total of W664.6 billion in net losses in the same period, with only 18 posting ...... Read more on The Digital Chosun
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