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Korean Shipbuilders May Gain Upper Hand in Contract Talks with Shippers

Korean Shipbuilders May Gain Upper Hand in Contract Talks with Shippers

SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Heavy Industries Co. and other South Korean shipbuilders are expected to hold all the aces in their negotiations with shippers thanks to abundant order backlogs, an industry expert said Friday. “South Korean shipbuilders secured order backlogs of 28.56 million compensated gross tons (CGTs), accounting for 2 1/2 years’ [...]