South Korean yard giant is running out of its offshore backlog

South Korea's largest shipyard Hyundai Heavy Industries will run out of its offshore backlog soon, reports media Pulse. 3,600 employees may be affected by as soon as the end of July.

Photo: /ritzau/AP/Lee Jin-man

At Hyundai Heavy Industries, the order book for offshore is almost empty, and from July there may not be any orders left in the segment.

According to the international media Pulse, executives from the country's largest shipyard have notified the employees that there will be no work left at the shipyard when once it completes the development of the Al-Nasr field by the end of July.

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