Confident Korea Shipbuilder to Raise Price of Fuel-Savvy Ships
Hyundai Heavy’s optimism helped drive up shares of South Korean shipbuilders Monday and contrasts with gloom over Chinese shipbuilders. A third of China’s yards may shut down in about five years as they struggle to win orders, an unamed industry group informed Japan Times.
The order book at Chinese shipbuilders fell 23 percent at the end of May from a year earlier, according to the China Association of National Shipbuilding Industry.
Source: Japan Times/Bloomberg