Resurrection of the Shipbuilding Industry?

SEOUL, Korea, Mar 7 (Korea Bizwire) – Samsung Heavy Industries won on February 14 a deal to build a floating liquid natural gas (FLNG) ship for Malaysia’s state-run oil company Petronas at the cost of US$1.47 billion. Given most container ships cost about $200 million apiece, this is more than seven times more expensive. Including [...]