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MercoPress, en Español

Montevideo, November 22nd 2024 - 05:28 UTC

Tag: shipbuilder

  • Friday, October 31st 2014 - 06:38 UTC

    Korea's largest shipbuilder announces record losses worse to come

    Losses reflect increased costs run up in constructing ships like semi-submersibles and 50,000-ton refined oil product carriers.

    South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of 1.8 billion dollars and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders.