Rising steel prices, currency fluctuations temper smooth sailing

Ask Korean shipbuilders about the nation's slow economy and the reaction is apt to be a chuckle or a puzzled look. They are so busy they are refusing orders; dockyards are fully booked up to 2006.

Shipbuilders attribute the boom, the biggest since the 1970s, to China's torrid trading activity and shipping regulations in Europe, which require the replacement of single-hull tankers with double-hull ones, to help prevent oil spills after accidents ......
Read more on The Korea Herald