South Korean Shipbuilder, Container Carrier Hit Hard by Shipping Slump
Costas Paris Aug. 15, 2018
Shipbuilder DSME’s faltering second-quarter results and HMM’s steep loss raise new concerns about shipping businesses that play an important role in South Korea’s economy
South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. 042660 1.16% and national flag carrier Hyundai Merchant Marine 011200 1.87% posted weak results in the second quarter, raising concerns about their future business despite repeated state bailouts.