Shipbuilders Struggling with Dearth of Orders for Offshore Facilities

SEOUL, June 25 (Korea Bizwire) — South Korean shipbuilders have failed to clinch new orders for offshore facilities in the first half of the year as demand dried up amid weak oil prices, the companies’ data showed Thursday. In addition, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. have order backlogs of [...]